Wank & Liptzin Advisory Services

Wank & Liptzin served as the U.S. sub-advisor to Gottex Fund Management, a Swiss-listed alternatives manager that at its peak managed over $9 billion for sovereign wealth funds, public pensions, and insurers. The firm was responsible for selecting and monitoring U.S.-based hedge fund managers for Gottex's multi-manager portfolios, an arrangement formalized through a 2011 sub-advisory agreement (per Gottex regulatory filings, 2011). Gottex handled distribution, operations, and regulatory compliance from its Lausanne headquarters, while Wank & Liptzin provided portfolio construction and manager access from Los Angeles.

The firm operates primarily as an institutional advisory practice, not a pooled fund-of-funds. During the Gottex sub-advisory period, Wank & Liptzin selected underlying managers for Gottex's commingled fund vehicles, effectively functioning as the investment brains within a larger fund-of-funds platform. Post-Gottex, the firm has shifted toward bespoke advisory mandates, constructing and monitoring concentrated hedge fund portfolios directly for large institutional allocators on a separately managed account or advisory basis.

Co-founders Lloyd Wank and Gary Liptzin jointly oversee all manager selection, portfolio construction, and ongoing monitoring. The two principals have partnered on hedge fund advisory work since the 1990s — well before the firm's formal 2007 founding — and no additional investment partners are publicly identified. This concentrated decision-making structure is typical of capacity-focused advisory firms that manage a small number of deep institutional relationships rather than a broad product shelf.

Through the Gottex relationship, Wank & Liptzin's portfolios were placed with institutional clients concentrated in Europe, Asia, and the Middle East — Gottex maintained offices in Lausanne, Hong Kong, and Guernsey. The firm's current client geography is not publicly disclosed, but the founders' professional networks and the institutional investment culture of their mandate suggest continued emphasis on large non-U.S. pensions, sovereign wealth funds, and insurers rather than the domestic U.S. wealth channel.