Total fee-earning assets for the Gottex group increased to USD 8.3 billion in Q4 2010, up from USD7.8 billion at 30 September 2010, according to the company’s pre-close trading statement for the year ended 31 December 2010.
In addition, assets under management at Gottex Solution Services (GSS) grew 56 per cent to USD1.58bn.
“I am very pleased to say that our assets have returned to levels above USD8 billion, and more importantly performance in our market neutral, multi asset strategies and equity portable alpha strategies has continued to be very good during the fourth quarter. A strong, risk adjusted performance is what our clients expect, combined with advanced risk management and a strong infrastructure," says Joachim Gottschalk, Chairman and CEO. “We are becoming more positive on the outlook for asset flows to the hedge fund industry in the coming years as investors seek higher risk adjusted absolute returns, albeit that we do not expect a rapid acceleration in the near term.
"We also continue to be confident that fund of funds represent a very efficient and effective method to invest in hedge funds and multi asset products for retail as well as for the majority of institutional investors.
“Finally, I am delighted that GSS assets have grown to over USD 1.5 billion and that LUMA Solutions Services, the European onshore managed account platform JV between OFI Asset Management and Gottex Solutions, was launched on 29 December 2010 after receiving CSSF approval. This enables GSS to offer onshore and offshore managed account services, including UCITs, thereby providing investors with a complete range of managed account solutions.”
