Hedge Fund Reader : Gottex test markets its flagship fund of hedge funds in the UK

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December 02, 2006

Gottex test markets its flagship fund of hedge funds in the UK

Gottex Fund Management has recently started test marketing of its flagship fund of hedge funds in the UK. The test marketing of the fund if successful, will pave the way for a formal launch of the fund of hedge funds in the first quarter of 2007. Gottex, as one may know is a hedge fund giant in the US. The planned hedge fund is expected to comprise a minimum of 50 market neutral hedge funds. And the company expects all the comprising hedge funds to have a global focus.

It is therefore evident that the fund of hedge funds is going to be following Market Neutral investment strategies. The fund has already collected $ 3.7 billion. The prospects are high considering the assets already in hand despite the minimum investment requirement of $ 25,000. The ultimate aim of the fund is to generate consistent absolute returns with a low annualized standard deviation. Reuters reports:

The fund uses relative value, event driven and hedged equity styles in a bid to ensure the fund remains neutral to the market. The group combines a top-down asset allocation with a bottom-up manager selection to identify investments.”

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December 2, 2006 in Research | Permalink