Mon, Jun 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

European alternative UCITS see close to double in interest levels this month

Thursday, November 07, 2013
Opalesque Industry Update - The ML Alternative UCITS Barometer's major findings this month included bullish views on European L/S Equity strategies - Dramatic rebound in demand for European managers, almost doubling the interest levels over last quarter. Clearly the concerns over the economic woes of Europe appear to have abated, for now at least, and this is seen in the latest results which show very strong levels of interest for the sector. Interest for US L/S, while still relatively strong, appears to have peaked for now, with a slight drop off this quarter.

Investors returning to Emerging Markets - In stark contrast to the last barometer, investors are far more bullish on their outlook for EM equity hedge strategies this quarter. Almost half of all respondents are planning to raise their allocations to globally diversified EM products, up from 30% last quarter.

Are Multi-Strategy challenging Global Macro? - Demand for Global Macro-Discretionary appears to be waning, which is in contrast to the healthy gains in popularity for Multi-Strategy funds. This we believe is partly explained by the current scarcity of strong global macro products, in comparison to a healthy supply of Multi-Strategy products.

Commenting on the highlights of the latest Barometer, John Lowry, CIO of ML Capital said: “The bullish tones that we saw some evidence of in the last quarters barometer has been confirmed in the latest results . Investors are increasingly favouring equity strategies with a most notable pickup in interest for European and Global Long/Short strategies . Emerging markets are also returning to favour this quarter, with a very healthy bounce back in planned commitments from 30 % to almost 50 % . Amongst the other main sectors, the most interesting trends are in the Fixed Income, Multi - Strategy and Global Macro sectors which show very mixed results . Most positive is the continued and growing interest for Multi - strategy products . In stark contrast, arguably related, is the steady drop off in demand for Fixed Income products to its lowest ever level, since the barometer was created over three years ago .

Press release

bc

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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp