Sunday, 28 August 2016
Last updated 1 day ago
Jul 23 2008 | 9:39am ET
Gottex Fund Management Holdings, the US$15.6 billion fund of hedge funds shop, said it is optimistic on further growing its assets and convinced that institutional investors will continue to pour money into the hedge fund space going forward.
The firm said its assets under management were flat at US$15.6 billion at the end of June, compared to US$15.7 billion March 31. Its client subscriptions for the period were US$670 million, while client redemptions were US$990 million.
“Gottex believes 2008 will be another year of growth for the company,” it said. “The current financial markets remain complex and the present investment decision-making cycle of Gottex’s clients remains longer than has been the case historically. However, Gottex remains convinced that the trend of institutional investors transferring assets from traditional to alternative investments will continue once there is more visibility in the global financial markets, as alternative investments provide viable diversification benefits to institutional investors."