Gottex

    Gottex

    sariv3114 wrote:

    Quote

    Kapitalist wrote:


    Da bleibt einem wirklich die Spucke weg! Wie dumm muss man sich da anstellen ? Hätten sie das Geld auf einem Sparheft angelegt, hätten sie immerhin 80 Mio verdient und keine Kosten gehabt für dämliche Fondsverwalter. Ja, was soll man dazu noch sagen ? :roll:


    Das ist wirklich peinlich! Die Reaktion der Börse ist denn auch deutlich! :oops:

    Gottex

    golden eye wrote:

    Quote
    nö, verkaufe nix


    Die Chance hast Du bereits verpasst, aktuell liegt Gottex bereits wieder mehr als 8% im Minus. Die Aktie wird Dir in den nächsten Jahren bestimmt noch viel Freude bereiten. :oops: :lol: :lol: :lol:

    Gottex

    Kapitalist wrote:

    Quote

    golden eye wrote:


    Die Chance hast Du bereits verpasst, aktuell liegt Gottex bereits wieder mehr als 8% im Minus. Die Aktie wird Dir in den nächsten Jahren bestimmt noch viel Freude bereiten. :oops: :lol: :lol: :lol:


    Immerhin ist der Ausblick einigermassen positiv. Aber was sie 2010 geleistet haben ist eine Schande !


    Da müssten die Grossaktionäre auf die Barrikaden und dem Gottschalk einen Tritt in den Hintern geben...

    Gottex

    sariv3114 wrote:

    Quote

    Kapitalist wrote:


    Immerhin ist der Ausblick einigermassen positiv. Aber was sie 2010 geleistet haben ist eine Schande !


    Da müssten die Grossaktionäre auf die Barrikaden und dem Gottschalk einen Tritt in den Hintern geben...


    Das ist auch so eine Firma die stets positive Ausblicke liefert und in der Realität dann stets enttäuscht. Das ist eben irgendwann auch nicht mehr glaubwürdig. :oops:

    Gottex

    Habe es euch ja gesagt, dass Gottex eine Bruchbude ist!!!


    Mich freut es, dass sie in die roten Zahlen gerutscht sind. Habe das so erwartet. Von wegen positiver Ausblick, immer dasselbe Spielchen.


    Positiver Ausblick, um dann stets wieder zu enttäuschen!!!


    Wenn ich euch wäre, dann würde ich alles schmeissen.

    Sofort.


    Zum Glück bin ich schon länger nicht mehr dabei.

    Gottex

    Status Quo wrote:


    GOTT sprach...AMEN! :roll:

    Geld allein macht keine Persönlichkeit, aber es ist die Persönlichkeit die das Geld macht

    Gottex

    golden eye wrote:

    Quote
    ja, schmeisst alle, die erholung wird dann umso grandioser


    Wenn überhaupt, kaufen wir dann unter 5.- wieder. :lol: :lol: :lol:




    Sariv hat das richtig gecheckt, mit einer Anlage auf einem hundskommunen Sparheft hätten die wenigstens mindestens 80 Millionen Gewinn gemacht anstatt einen Verlust einzufahren. Das müssen ja spezielle Pfeiffen sein um so ein Resultat abzuliefern! :oops:


    Die haben sicher noch einen grossen Bonus kassiert. :oops: :oops: :oops:

    Gottex

    Könnte mir vorstellen, dass nach dieser Rendite, auch eher Geld wieder abwandert, als dass mehr dazu kommt.


    Also, die müssen sich schon sputen, wenn Kunden wieder Geld abziehen dann tschüss...


    (nicht jede Story hat ein Happy-End, "Aktie xy geht schon irgendwann wieder rauf")

    Gottex bringt morgen Zahlen des 1. Quartals, die werden hoffentlich endlich wieder besser sein damit die Aktie wieder steigen kann, habe mich gestern einmal prophylaktisch wieder eingedeckt.

    Gottex

    Wundert mich dass der Quartalsbericht in Deutsch noch nicht publiziert wurde. Laut der englischen Version soll es Gottex wieder besser gehen. Das sollte sich eigentlich gelegentlich auch in einem höheren Kurs niederschlagen.

    Gottex Fund Management Holdings Ltd.

    1

    Media Release 20 April 2011

    Q1 2011 TRADING STATEMENT

    STRONG Q1 PRODUCT PERFORMANCE; ASSETS GROW TO USD 8.6 BILLION

    Gottex Fund Management Holdings Limited (Gottex), a leading independent global

    alternative asset management group, announces its trading statement for the quarter ended

    31 March 2011.

    Highlights:

    • Market neutral, multi-asset endowment and UCITS strategies posted positive

    performance year to date, continuing to outperform their benchmarks.

    • Total fee earning assets for the group increased by 4.6% to USD 8.6 billion compared to

    USD 8.3 billion at 31 December 2010 as a result of positive performance and

    subscriptions of USD 540 million at Gottex Fund Management (GFM) and Gottex

    Solutions Services (GSS).

    • Gottex’s flagship market neutral plus product regained its high water mark in January

    2011 and is accruing performance fees.

    • GSS continued to grow its assets which increased 17% from USD 1.58 billion at

    December 2010 to USD 1.84 billion by March 2011. Over the last 12 months assets

    have quadrupled.

    • Successful launch of alternative credit product.

    • Strong balance sheet with no debt and substantial cash reserves.

    Commenting, Joachim Gottschalk, Chairman and CEO, stated:

    “Assets at Gottex have continued to increase during the quarter and are now at USD 8.6

    billion. More importantly during a quarter when many fund of hedge funds have been

    affected by the tragic events in Japan and the North African political instability, our market

    neutral strategies continued to deliver on their investment objective, namely sustained

    positive monthly returns with low volatility. Consequently, they ended the quarter well ahead

    of their industry benchmarks.

    “New subscriptions of USD 540 million during the period confirm the continuation of the

    positive trend experienced during the second half of 2010, although we believe that the

    overall improvement in net asset flows for our industry will be at a more steady pace than

    seen five years ago. In that light I would like to emphasise the continued progress of GSS

    which has quadrupled assets over the last 12 months and now stands at USD 1.8 billion.

    This highlights the ongoing interest of institutional investors in the improved risk

    management and transparency provided by managed account platforms.

    “Overall risk levels in financial markets have increased during this quarter, but matters

    should continue to improve steadily as the year progresses and Gottex should remain on its

    current growth path provided we avoid extreme volatility in global financial and sovereign

    debt markets or a major economic downturn.”

    For Additional Information

    Gottex Fund Management Holdings Citigate Dewe Rogerson

    Andre Keijsers Michael Berkeley/Sarah Gestetner

    Tel: +44 20 7494 5148 Tel: +44 20 7638 9571

    Gottex Fund Management Holdings Ltd.

    2

    Assets

    Gottex’s total fee-earning assets were USD 8.64 billion at 31 March 2011, compared to USD

    8.26 billion at 31 December 2010, an increase of 4.6%. This total consisted of USD 6.79

    billion in assets under management (AuM) and GSS assets of USD 1.84 billion.

    AuM of USD 6.79 billion were up 1.7% when compared to USD 6.68 billion at 31 December

    2010, which was the result of substantial total subscriptions for the quarter of USD 540

    million of which USD 330 million at GFM and USD 210 million at GSS, whilst GFM client

    redemptions accounted for USD 390 million and USD 30 million was returned to investors in

    run-off share classes. In addition for GFM, there was a positive performance contribution of

    USD 110 million combined with a USD 40 million positive impact from foreign exchange

    movements and USD 50 million from technical factors. GSS assets increased by USD 60

    million as a result of foreign exchange movements.

    Gottex Solutions Services quadrupled its assets over the last 12 months from USD 450

    million at March 2010 to USD 1.84 billion by March 2011 as a result of additional managed

    accounts as well as the establishment of its onshore managed account platform LUMA

    Solutions Services, the joint venture with Paris-based OFI Asset Management.

    Gottex Assets Mar 2011

    (USD billion)

    Dec 2010

    (USD billion)

    Change (%)

    Market Neutral & Directional Strategies 4.09 4.05 +0.9%

    Asset Based Strategies 1.56 1.59 -1.5%

    Enhanced Index Strategies 0.53 0.58 -8.6%

    Advisory Mandates 0.61 0.46 +31.7%

    Total GFM assets 6.79 6.68 +1.7%

    GSS assets 1.84 1.58 +16.9%

    Total assets1) 8.64 8.26 +4.6%

    1) Client assets represented in both GFM and GSS amount to USD 1.21 billion.

    Note: change percentages are actual, amounts are rounded.

    Other developments

    Gottex’s core market neutral products have continued to generate positive performance in

    the first quarter and are approximately 1% ahead of their benchmarks. As a result, our

    flagship market neutral plus product has been accruing performance fees since January this

    year whilst at the end of March 2011 our second largest market neutral product is 4.1%

    away from regaining its high water mark.

    Our multi-asset endowment product continued its strong performance in the first quarter of

    this year, returning more than 3% net of fees to its investors. We firmly believe that this

    excellent absolute and relative performance when compared to its main competitors should

    lead to increased asset flows and client interest later this year.

    GSS continues to make very good progress during Q1 2011 with USD 1.84 billion in overall

    fee-earning assets of which USD 1.37 billion are platform-related assets. The LUMA joint

    venture has had a good start and the overall GSS pipeline is developing well, bringing the

    company on track to achieve its aim of USD 2 billion in platform assets.

    Gottex Fund Management Holdings Ltd.

    3

    Our UCITS III fund of hedge funds product has generated 1.87% year to date of positive

    performance up to 6 April 2011, and an cumulative return of 4.26% after fees since its

    inception 9 months ago, which is well ahead of the main UCITS industry benchmarks. Asset

    flows in this market will be mainly driven by the return of European retail investors to the

    hedge fund market which we envisage during this year, provided markets remain positive.

    Outlook

    Our outlook has not changed materially since our last announcement at the end of March

    this year. Our positive start to the year has continued with ongoing outperformance for the

    core market neutral, multi-asset endowment and UCITS funds, as well as bond and equity

    strategies. Client interest in fund of hedge funds is growing with a variety of customers

    looking for customised solutions and higher risk-adjusted returns than bonds and cash

    deposits. We therefore expect net asset flows to steadily improve in the coming years.

    However, the market still remains highly competitive and global volatility in financial markets

    continues, as recent events have shown. We believe that Gottex has taken the right steps to

    strengthen its platform, improving its institutional investment processes and services and is

    well placed to participate in the next growth phase of the industry, including partnering with

    or integration of other firms.

    The company is on track to return to profitability this year, provided our flagship market

    neutral plus product and our multi-asset endowment products continue to generate

    performance fees and remain above their high water mark levels.

    There will be an analyst and investor conference call in English at 9am CET (8am UK time)

    today. For dial-in details please contact Lydia Keen at Citigate Dewe Rogerson

    (lydia.keen@citigatedr.co.uk).

    Gottex will release its Q2 2011 trading update on 20 July 2011 and announce its 2011

    interim results on 13 September 2011. To view the presentation accompanying this release,

    please visit http://www.gottexholdings.com/Presentations.aspx.

    About Gottex Fund Management Holdings Limited

    Incorporated in Guernsey, Gottex is the holding company of a leading independent global

    alternative investment management group whose core business is providing investment

    management services to a diversified range of hedge funds and funds of hedge funds. In this

    capacity, the Gottex group provides portfolio selection and asset allocation advice, as well as

    risk management and investment monitoring and advisory services to a broad and

    diversified institutional clientele. The Gottex group also structures and manages specialized

    fund of hedge funds, multi asset endowment style products, bespoke managed accounts,

    private equity style real asset funds and provides related services, including a managed

    account platform and outsourced middle office services, through its subsidiaries Gottex

    Solutions Services and LUMA Solutions Services

    With offices in Guernsey, Lausanne, London, Hong Kong, New York, Boston, Luxembourg

    and Zurich, the Gottex group advises funds that are invested with more than 175 hedge fund

    managers around the world, investing in a wide range of strategies and geographies on

    behalf of predominantly institutional investors. As at 31 March 2011, Gottex had USD 8.6

    billion of total fee-earning assets.

    Gottex

    sariv3114 wrote:

    Quote

    Kapitalist wrote:


    Da bleibt einem wirklich die Spucke weg! Wie dumm muss man sich da anstellen ? Hätten sie das Geld auf einem Sparheft angelegt, hätten sie immerhin 80 Mio verdient und keine Kosten gehabt für dämliche Fondsverwalter. Ja, was soll man dazu noch sagen ? :roll:




    Du bist einem Irrtum erlegen und ich bin Dir auf den Leim gekrochen.


    Das war der Ertrag resp. der Verlust der Firma und hat nicht mit dem Anlageerfolg zu tun. Die legen Geld für Dritte in diversen Hedgefonds an und kassieren dafür Gebühren. Wobei die erfolgsabhängig Gebühren verrechnen können. Im 1. Quartal 2011 haben sie jetzt eben so eine "High Water Mark" übeschritten, was heisst, dass sie ab jetzt wieder Performancegebühren auf den angelegten Vermögen verrechnen dürfen. Bei einem Anlagevermögen von 8,6 Milliarden fällt das dann schon ins Gewicht. Man darf also im 2011 wieder mit stark steigenden Gewinnen und damit mit steigenden Börsenkursen rechnen.

    Gottex

    @ Kapitalist


    Danke für Richtigstellung, in der Tat, das Resultat erschien mir schon als ziemlich unrealistisch.


    Trotzdem blieb Gottex im 2010 weit unter dem Branchendurchschnitt, sehr toll wurde nicht agiert, aber vermutlich hat man im Abschluss noch alles schlechte eingepackt, damit man im 2011 positiv überraschen kann.


    Auf alle Fälle, der Ausblick auf besseren Geschäftsgang hat noch kein Einklang im Aktienkurs gefunden.


    Ich werde Entwicklung an der Seitenlinie beobachten.


    Cu

    Gottex

    Obwohl der letzte Quartalsbericht eigentlich recht gut war, es war die Rede davon dass die "high water mark" überschritten worden sei, d.h. Gottex kann ab Januar 2011 von ihren Kunden wieder Performancegebühren verlangen, was den Reingewinn logischerweise stark erhöhen sollte, taucht die Aktie nur noch.


    Gottex hat es nicht einmal mehr für nötig befunden den Quartalsbericht auf Deutsch zu publizieren. Wollen die die Aktien etwas zum Tiefstkurs von der Börse nehmen, nachdem sie die Publikumsaktionäre völlig ausgeblutet haben?