Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style