Listed hedge fund manager Gottex has enjoyed its first quarter client inflows in almost two years, in what analysts have hailed a “turning point” for the Swiss group, in a year when investors’ confidence in the sector is gradually returning.

The fund manager received net client inflows of $150m (€100.46m) in client subscriptions for the third quarter; subscriptions for the quarter amounted to $500m and outflows were $350m. Also, assets under management are up by $170m in the quarter, owing to positive performance.