Gottex Brokers opens US office 22 October 2012Los Angeles Reporter: Georgina Lavers
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Gottex Brokers, an interdealer broker in interest rate derivative products, has opened its first office in the US.
The new Los Angeles office will focus on brokerage services in the secondary market for alternative investments through its specialized entity Gottex Brokers Alternative USA.
Acting as an intermediary between US institutional investors buying and selling secondary interests in hedge funds, private equity funds and real estate funds, the alternative division is a subsidiary of Gottex Brokers Alternative domiciled in Switzerland.
Raphael Moreno, CEO of Gottex Brokers Group said: “Volatility in the secondary markets for alternative investment shares has risen markedly in the past years and we have seen increased demand for investors to rebalance portfolios and to exit illiquid positions.”
GBA USA will be run by Bruno Bardavid, an experienced professional with more than 25 years of experience in financial services. Prior to joining GBA USA Bardavid developed the credit trading markets for Mizuho International and West LB, London.
Gottex Brokers Alternatives USA will manage relationships with hedge funds, funds of funds, family offices, third party asset managers, public entities and sovereign wealth funds, private and investment banks, investment advisors and pension funds. It is regulated by FINRA and the SEC.
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