Gottex Fund Management has completed the second tranche of its recapitalisation, with some 20,000,000 newly issued shares now trading on the SIX Swiss Exchange.

Based on the issue price of CHF0.31 per newly issued share, the company expects to receive gross proceeds of CHF6.2 million in cash.
 
Arpad Busson (pictured), executive chairman, says: “The injection of fresh capital in two separate tranches in the last four months from such a diverse set of investors (institutional and high-net-worth individuals) is a vote of confidence in our vision as we continue positioning our business to meet the evolving needs of our clients for alternative investment solutions and risk management services. I would like to express my gratitude to both new and existing shareholders for their patience, trust and commitment.”