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Benedicte Gravrand, Opalesque London:

Nara Capital, a hedge fund advisor based in Geneva who has been knee-deep in UCITS-related research for some time now, has just issued its quarterly report, “UCITS Alternative Industry Report – Q1 2010.”

Nara also provides the UCITS Alternative Index; the Global Index finished the quarter up 1.64%, compared to +4.16% for the MSCI World and 1.12%% for the Citi WGBI All Maturities. It was up 0.27% in April 2010 and 1.62% YTD. And in 2009, it was up 9.27%.

Here are some of the report’s findings which Nara’s director Louis Zanolin sent Opalesque:

23% more funds in Q1-10, now 400 managing Eur70bn ($87bn) The first quarter 2010 was a very active and prolific one for the UCITS III hedge funds industry. The number of funds grew by 23% bringing it to a sum of around 400 representing more than Eur70bn ($87bn) of assets under management (AUM).

Nara expects this progression to continue as a number of funds will be launched over the next quarters. This growth is fuelled both by new entrants to the market as well as management companies beefing up their current offers.

Another recent research on UCITS funds done by research and consulting think tank Strategic Insight, found that investors across the globe had channelled nearly $200bn of assets into more than 1,000 alter......................

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