Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
22/07/2009
Q2 results put Gottex back on track
Despite a slip in assets under management, Swedish fund of hedge funds Gottex has forecast a positive second half of the year.
This quarter’s trading statement revealed $8.1bn in AUM at 30 June compared to $8.5bn at 31 March.
However, the group’s new managed account platform, GSS, has attracted its first assets since June, adding another $100m in AUM. The fund also attracted a new mandate and investments from Nestlé.
Commenting on the group’s gains, the chairman and CEO, Joachim Gottschalk, said “looking ahead, we see tentative signs that institutional investors will return to the hedge fund market,” adding that he remained cautious about the short-term outlook which he expects will be volatile.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
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