Gottex on the acquisition trail

Hedge fund group Gottex Fund Management is targeting a $6.5bn (£3.8bn) boost to its assets, around half of which will come from acquisitions in Asia and the US, its chief executive said. EIM Group chief executive Joachim Gottschalk told Reuters he expected to announce a new deal in Asia within six months. “It’s the US and China where we are looking for further acquisitions,” he said.