Gottex grows to $10 billion with EIM merger

Signing dealAlternative asset managers Gottex Fund Management and EIM Group are merging to create a business with nearly $10 billion (€7.3 billion) of assets under management. Gottex shareholders will control 70% of the combined business and the chairman and chief executive of Gottex, Joachim Gottschalk, will become chief executive of the combined business, while EIM’s founder Arpad Busson will become non-executive chairman. Gottex is paying EIM shareholders up to 14 million newly issued shares as part of the merger. The firms say the merger will allow the companies to make efficiency savings of $10-12 million by combining offices and systems. They say the combined business will have a larger platform, be better able offer clients a range of investment services from multi-asset, multi-manager and Asia-focused investments, to risk and infrastructure services. “From a Gottex perspective, this is a natural step in its diversification and growth strategy,” says a company statement. Gottex acquired Hong-Kong based fund of hedge fund firm Penjing in 2012 and multi-asset firm Frontier Investment Management, London in 2013. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.