Gottex launches its Multi-Asset Endowment Fund I and II

By Toni Weeks

San Diego, Feb. 29 - Gottex Multi-Asset Funds announced it has launched its Gottex Multi-Asset Endowment Fund - I and its Gottex Multi-Asset Endowment Fund - II, according to a 497 filing with the Securities and Exchange Commission.

The fund has registered $200 million of shares of each fund.

Each fund seeks maximum total return, primarily through capital appreciation and/or income, by investing all or substantially all of its investable assets in the Gottex Multi-Asset Endowment Master Fund, which uses a multi-asset, multi-strategy, endowment-style investment program that provides shareholders with overall asset allocation and portfolio management services typically available to larger endowments and institutions.

The portfolio manager will be William J. Landes.

The Endowment I fund will incur a maximum sales load of 2%, whereas the Endowment II fund has none.

The management fee funs 1.17% for both funds. Including other expenses, the net annual expenses for the Endowment Fund I and Endowment Fund II are 5.66% and 4.91%, respectively.

Boston-based Gottex Fund Management Ltd. serves as the investment adviser to the funds.

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