25/03/2011 Author: Shannon Hawthorne

Gottex Solution Services boosts firm's 2010 growth

Rapid growth at Gottex Solution Services (GSS), a subsidiary of Gottex Fund Management (GFM), helped boost  combined total net-earning assets from $8.13bn to $8.26bn over the course of 2010, despite a 14% decline in GFM assets, the company’s 2010 annual results show. 

GSS assets increased from $330m to $1.58bn between December 2009 and December 2010, offsetting the $1.12bn fall in assets (to $6.68bn) experienced by GFM. 

As of 28 February 2011, the firm’s total assets had increased further to $8.48bn, the result of a 1% increase in GFM assets and a 12% increase in GSS assets. 

Gottex’s core market neutral, multi-asset, equity and bond products all outperformed their relative benchmarks, with the firm’s flagship market neutral plus product regaining its high water mark in January 2011. 

“Gottex’s recovery continues as our main market neutral strategy regained its high water mark and continued outperforming its benchmark whilst GSS, our solutions business, continues its strong growth,” said Joachim Gottschalk, chairman and chief executive officer of GFM. “We believe positive fund performance will continue in 2011 and that client flows will pick up as investors seek higher risk adjusted returns.” 

He added: “The maintenance of our institutional platform and further expansion into the Asian markets makes us believe that the company will continue its progress and we are confident about the medium term outlook.”