Gottex Fund Management is on track to launch its first UCITS RQFII China product during the first quarter of 2015, according to the group’s latest trading statement for the quarter ended 30 September 2014.
The product will invest in onshore China A-shares and be managed by the Gottex-VStone office in Shanghai. The company also expects to launch liquid alternatives risk premia products and investment solutions during the next six months.
Gottex launched an Asian hedge fund seeding fund in August with USD310 million of committed capital by the group’s partner HS Group in Hong Kong.
Client assets at the group totalled USD 8.71 billion as at 30 September 2014, with fee earning investment assets increasing by three per cent during the quarter.
The company completed its merger with the EIM Group on 30 September 2014, after receiving approval by FINMA, the Swiss regulatory authority, and after approval from the Swiss Stock Exchange (SIX), listing 14 million newly issued shares. Integration is now well on track with synergies expected to exceed USD15 million, ahead of the company’s original target.
Gottex saw good performance for the nine months to the end of September across funds and geographies: market neutral solutions posted positive returns net of fees ranging from 3.1 per cent to 5.1 per cent; Asian products continued their strong summer performance generating positive returns of between 2.5 per cent and 6.5 per cent; daily liquidity and regulated UK and European multi-asset endowment style retail products added over three per cent of performance.