Assets, Profits Fall, But Gottex Ups Dividend

Mar 26 2009 | 10:55am ET

Swiss fund of hedge funds shop Gottex Fund Management saw its profit fall by 41% last year and assets under management by 40%, it said yesterday.

Despite the setbacks, the firm is pleased enough with its performance during the first few months of the year to boost its dividend by a third.

“We are seeing improved liquidity in the hedge fund market and in our portfolios,” the firm said.

Gottex’s assets under management fell to US$9.6 billion, and the firm warned it was unlikely that assets would rise until “towards the end of the year.” Profit at the firm fell to US$42.9 million.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of