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Absolute return UCITS funds assets reach $116bn, 58 new funds in H1

Thursday, September 29, 2011
Opalesque Industry Update -
• Assets under management in absolute return UCITS reach $116 billion (30 June 2011)
• $3 billion raised from 58 new fund launches in the first half of 2011
• London remains the dominant centre for absolute return UCITS

Global assets in absolute return UCITS funds have climbed by more than 150%, according to new research compiled by HedgeFund Intelligence.

Half year figures show that assets grew by 151% to $115.7 billion at 30 June 2011 from $46.1 billion at the same point the previous year. Absolute return UCITS are now a quarter of the size of the more mature European hedge fund industry, which had assets of $438 billion at 30 June 2011.

Some 58 new funds were launched in the first half of 2011, raising over $3 billion. The UK remains the capital of the absolute return UCITS sector with half of the assets under management being run by London-based firms.

Joy Dunbar, Editor of Absolute UCITS, comments: “Absolute return UCITS funds are continuing to mirror the ascent of the European hedge fund industry over a decade ago although there is still a lot of scope for growth.

“There are many challenges ahead for the fledgling sector, not least market volatility and changing European regulations. However, we expect the next few years to be a time of opportunity, where funds that consistently deliver alpha will have the chance to tap into the huge potential of retail investment.”

(press release)

Absolute UCITS is an only-online source of must-know information for the global fledgling absolute return UCITS space. The website is part of HedgeFund Intelligence – the leading provider of news, analysis and performance data on the global hedge fund industry.

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