Tuesday, 2 September 2014
Last updated 2 hours ago
Apr 9 2008 | 7:12am ET
Hedge fund firm Gottex Fund Management said yesterday that profits rose 42% last year, but still managed to disappoint analysts, who expected even better results.
The Guernsey, Channel Islands-based firm turned a US$73.1 million profit, thanks to assets under management more than doubling to US$16 billion. The firm took in US$9.4 billion in inflows last year, as well as US$1.3 billion in investment gains, against just US$1.7 billion in redemptions. Still, the lower-than-expect earnings are likely to send its already-battered stock price even lower.
Gottex has seen its share price fall 40% since going public in November.
“We believe that it will take some time for the markets to normalize following the extreme market volatility we have experienced since last summer,” Gottex said.
To that end, the firm said it is planning a vehicle to profit from the credit crunch for this summer, Reuters reports.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...