Gottex Hedge Fund
Gottex Fund Management - William Landes
Products as the one below are interesting to watch grow, or not as they try to sometimes sell products to groups which traditionally have build their own portfolio's in-house with the aide of consultants.The following piece on Gottex Fund is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
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Resource #1: (5.10.09) Swiss fund of hedge funds shop Gottex Fund Management has taken a controlling stake in U.S-based firm SJC Capital Partners.
The U.S. asset management firm, which was founded last year by Stephen Czech, specializes in provided secured loans to middle market companies that are unable to obtain loans from traditional sources due to the credit crisis.
Gottex is banking on the direct lending market, which its expects to continue to be “a very attractive investment space in the years to come as traditional financing sources for the middle market continue to contract or exit this market segment.” source
Resource #2: Swiss funds-of-funds firm Gottex Fund Management is launching a fund that will emulate the investment principles of U.S. “super endowments.” The new fund will emulate the investment principles of successful U.S. university endowment funds, such as Harvard and Princeton. It will allocate about 65% to alternative investments.
The alternative part of the portfolio will cut across all asset classes: hedge funds, private equity, commodities, long-only equity, fixed income, real estate and other real assets. Harvard Management, long the model for university endowment funds currently with about $35 billion in assets, increased more than 20% year over year in 2007.
William Landes is helming the new fund. Landes joined Gottex from Boston-based 2100 Capital, his hedge fund specialty firm that Old Mutual Asset Management bought in 2005. Before that Landes was a money manager at Putnam Investments, which helped incubate 2100 Capital. Landes’ experience with broad-based funds was part of what led him to Gottex, he told HedgeFund.net.
“This is something I’ve been doing for over 15 years,” Landes said. “So when Joe Gottschalk [CEO of Gottex] and I began talking about the possibility of me coming over, we started talking about ways to provide sophisticated investment for high net worth investors.” In preparation for the new fund launch, Landes said his team determined that a 65% exposure to alternative investments combined with traditional investments did the best in the long term. Read more...
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