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

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of