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Fund firm to launch Main St mutual fund with Wall St assets

Gottex is latest firm to tap growing demand for portfolios that are less correlated to broader markets

Boston

HEDGE FUND firm Gottex Fund Management is readying a new mutual fund that will let retail clients sample asset classes normally reserved for millionaires, like hedge funds, private equity and real estate.

The Gottex Endowment Strategy Fund will be available for purchase later this week after it invests its US$100 million in seed capital from the Swiss firm by December 31.

Gottex, founded by Joachim Gottschalk in 1992, becomes the latest firm to tap into growing demand from investors for portfolios...

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