Penjing acquisition helps boost Gottex’s total fee-earning assets by 2% to $7.56bn


Gottex Fund Management saw its total fee-earning assets for the quarter increased by 2% to $7.56 billion compared $7.41 billion at 30 June 2012, primarily as a result of $625 million in new assets including the acquisition of Penjing Asset Management completed on 9 August 2012 that added $390 million to the company’s assets in the third quarter of 2012. The positive impact of performance added a further $30 million to the asset growth.

Of the total assets, LUMA Gottex Solution Services contributes $1.4 billion. For the quarter LUMA GSS saw subscriptions of $60 million and