NEW YORK (HedgeWorld.com)–With its total assets under management reaching US$3.6 billion, London- and Lausanne-based fund of funds firm Gottex Fund Management plans to close the two-times leveraged share classes of Gottex Market Neutral Fund, on Dec. 1.

The move follows the capping of this fund’s three-times leveraged classes earlier this year. At that time, assets were at US$3 billion (see ).

Recently Dorset County Pension Fund, United Kingdom, decided to invest ?22.5million (US$ 40.5 million) in the Gottex market neutral vehicle. This allocation is part of the pension’s new absolute return portfolio, comprising 5% of its total assets.

“While we have reached our targeted capital level for leveraged share classes, we remain interested in working with clients seeking exposure to our Market Neutral Fund’s non-leveraged classes,” said Gottex chief executive Joachim Gottschalk, in a statement. He added that other Gottex funds continue to offer leveraged access to conservative hedge fund strategies.

Unleveraged classes in fund are to remain open until further notice and the firm will honor previous commitments to accept leveraged investment into the fund, to the extent these agreements are activated within three months after the closing.

CKurdas@HedgeWorld.com

Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.