Notz Stucki & Cie, a Swiss money manager trying to stem shrinking assets, expects to beat last year\u2019s gain in its hedge-fund investments even as it reduces allocations to alternative funds.<\/p>\n
Investments in hedge funds including Stephen Mandel\u2019s Lone Pine Capital LLC\u2019s rose about 8 percent on average in 2012 and the firm\u2019s flagship Haussmann Holdings fund jumped 9.4 percent, Hilmi Unver, head of alternative investments at Notz Stucki, said in an interview at the firm\u2019s Geneva office.<\/p>\n
\u201cThis is proof that the fund-of-funds industry is still very much alive,\u201d he said, adding that Notz Stucki is targeting double-digit percentage growth for its hedge fund investments this year. \u201cWe are very happy about the returns.\u201d<\/p>\n
Notz Stucki was founded by Christian Stucki and Beat Notz in 1964 as a fund of hedge funds focusing on so-called long-only strategies, which perform well when markets are rising. It attracted net inflows in the second half of 2012, according to Herwig van Hove, a member of the executive committee. Assets under management fell to $6 billion in 2012, a company official said last month, from $7 billion a year ago.<\/p>\n