Gottex sees assets drop in Q3 despite good performance


Gottex Fund Management has seen its fee-earning assets drop by 7.9% in the third quarter – although, despite a three month drop in assets of 6.8%, Gottex Solutions Services assets are up 24% year-to-date.

The group’s fee earning assets stood at $8.2 billion at 30 September 2011. Over the same period, the fund of hedge fund group saw outperformance of its products against the benchmarks, with the alternative credit strategy outperforming its index by more than 6%.

“We have detected a growing need among institutional investors to generate positive returns without excessive volatility and they are consequently increasingly