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Alternative Market Briefing

Assets of UCITS absolute return funds rise 28.9% in last 12 months

Tuesday, April 23, 2013

From Precy Dumlao, Opalesque Asia – Assets of UCITS absolute return funds rose 11.6% in the first quarter of 2013 to reach EUR 154bn ($200bn) or a jump of 28.9% compared to the same period last year, according to the latest quarterly research by Alix Capital, a Geneva-based investment company specializing in regulated alternative investments.

The provider of the UCITS Alternatives Index family of indices, added that UCITS absolute return funds assets now comprised over 30% of all assets managed in absolute return strategies including hedge funds across Europe.

Louis Zanolin, CEO of Alix Capital, commented, "The total assets managed in UCITS absolute return funds continue to grow during the first quarter of 2013 and now account for about a third of all assets using absolute return in Europe, including hedge funds. The requirement for regulated and tax efficient vehicles coupled to the uncertainties about the final draft of the AIFM Directive are pushing more and more funds to choose the UCITS framework for their absolute return funds. The portion of UCITS funds versus non-UCITS to will therefore continue to increase in the coming years."

A related report by the European Fund and Asset Management Association (EFAMA) in its latest Investment ......................

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