{"id":8905,"date":"2008-10-21T00:00:00","date_gmt":"2008-10-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gottex-hedge-funds-impacted-by-high-redemptions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/gottex-hedge-funds-impacted-by-high-redemptions.html","title":{"rendered":"Gottex hedge funds impacted by high redemptions"},"content":{"rendered":"<p><strong>Hedge Funds Review Magazine &#8211; Troubled Swiss-based alternative asset management group Gottex Fund Management Holdings said assets under management (AUM) were down over $2 billion to $13.5 billion at September 30, 2008, compared with $15.6 billion at June 30, 2008. The fall represented a 13.6% decrease. <\/strong><\/p>\n<p> \t The fall was mainly caused by &ldquo;negative performance in extremely challenging markets&rdquo;, according to a company statement on third quarter trading. The poor performance was despite Gottex&rsquo;s market neutral and directional products performing better than or in-line with the broader market indices and relevant hedge fund benchmarks. <\/p>\n<p>AUM change across Gottex strategies during the quarter 2008 included declines in market neutral and directional strategies (-13.1%), asset based strategies (-15.8%), advisory mandates (-15.2%) and enhanced index strategies (-3.2%). <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.hedgefundsreview.com\/public\/showPage.html%3Fpage%3D821605\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge Funds Review Magazine &#8211; Troubled Swiss-based alternative asset management group Gottex Fund Management Holdings said assets under management (AUM) were down over $2 billion to $13.5 billion at September 30, 2008, compared with $15.6 billion at June 30, 2008. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3259,67,404,803,3093,733,1934,1059,2189,820,1298],"class_list":["post-8905","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-capital-partners","tag-chief-executive","tag-downfall","tag-external-managers","tag-mortgage-defaults","tag-new-money","tag-old-mutual-plc","tag-red-tape","tag-report-showed-that","tag-s-media","tag-sidelines"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8905"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8905\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}