Gottex Fund Management has reported good performance from its UCITS Multi-Asset Balanced Fund in 2014, up 6.0% for the year.
Both of the company’s Asian equity funds saw significant gains too, with the Gottex-Penjing Asian equity strategy up 7.7% in 2014 after returning 27.4% in 2013 and the Penjing Asia beta select product posting a return of 12.9% in 2014 after generating 14.7% the previous year.
Total fee-earning assets for the group were USD8.20 billion compared to USD8.70 billion at 30 September 2014.
In recent weeks Gottex has been preparing the launch of the Gottex Yellow Mountain UCITS Fund, a daily liquidity Europe-regulated fund offering direct access to China A-Shares in co-operation with Gottex’s Shanghai based investment partner VStone Asset Management.
The company says it has also made good progress in regard to liquid alternatives, where the group will be advising institutional investors and wholesale distributors on selecting, monitoring and managing liquid alternative investment portfolios, including alternative risk premium products.
The company expects the 2014 annual results to show an operating loss before acquisition and merger-related charges (subject to audit and final review).
Joachim Gottschalk, Group CEO, says: “I am very pleased that our Asian and multi-asset strategies have generated good performance during the year and the positive performance in our hedge fund products has continued. In terms of new developments, we are excited to be close to launching a liquid China A-share UCITS product in co-operation with our Shanghai-based partner VStone Asset Management, which will allow European investors easy access to the vast majority of mainland Chinese companies not listed in Hong Kong or the US.
“We are seeing growing interest among investors and consultants in liquid alternatives, particularly alternative risk premium products, and sophisticated advisory services, but asset flows remain affected by global uncertainty. We would expect flows in these areas to develop in the coming years, especially into innovative cost efficient products. On the Asian and multi-asset side we see real client interest, which we aim to capitalise on as our fund performance continues.”