Gottex`s AUM at $15.6bln for H1-2008.....

Gottex Fund Management Holdings Limited, together with its subsidiaries a leading independent global alternative asset management group, announced its interim results for the six months ended 30 June 2008. Assets under management stood at $15.6bln, down 2% from USD 16.0 billion as at 31 December 2007, but up 33% when compared to USD 11.7 billion on 30 June 2007. Gross revenues stood at $93.1m and profits after tax at $33.7m, outperforming broader markets and the majority of hedge fund indices.

Commenting, Joachim Gottschalk, Chairman and CEO, stated: “Market uncertainty continues to impact asset gathering across the industry, and we have experienced a slowdown in investment decision making amongst institutional investors, as they have adopted a “wait and see” attitude given the current financial turmoil. This has caused slower growth in subscriptions and may impact asset growth in the current environment. At the same time, redemptions in Gottex funds have been relatively limited, and at present are slowin......................

source:
Gottex`s AUM at $15.6bln for H1-2008


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