SWITZERLAND - Fund of hedge funds group Gottex Fund Management Holdings suffered a 16% decline in fee-earning assets last year, but saw the managed account program it launched in June grow to US$500m reflecting interest from institutional investors in separate accounts.
The Swiss-headquartered group announced its 2009 results this morning. Over the period, its assets, almost 90% of which are institutional, fell from $9.6bn to $8.1bn. Its clients withdrew $1.7bn...
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