Thu, Apr 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque UCITS intelligence

Editorial

Friday, May 03, 2013

Sophie

NEW HOPES ?

After almost two years of low returns and a difficult macro environment, several surveys among investors and fund managers show new hopes for alternative investments and for Alternative UCITS.

We believe that investors are more mature in their expectations in terms of risk and return. They recognized that UCITS offer transparency and liquidity with low leverage, all elements that have a cost on performance.

Some strategies have always fitted into the UCITS format, while others have not.

Since 2010, fund managers have suffered from the total irrationality of the markets and the alternative risk on/risk off environment has certainly been one of the main challenges in keeping steady positive returns.

Alternative UCITS platforms are also an alternative to the fund of funds model, which is still under stress.

Factors for hope:

  • Less crowded universe of funds
  • Better performance
  • Longer track records
  • Additional talented managers

Stress factors:

  • Average performances in 2013
  • Low inflows
  • AIFs Funds as an alternative to Alternative UCITS
  • Additional regulatory constraints for fund managers

Private Banks (advisory and discretionary), fund of funds, asset managers, family offices, insurance/pension are invested in UCITS platforms, each of them matching different investment requirements in terms of liquidity, transparency, tax and capital efficiency.

Several investors met recently recognized that the universe of funds is larger, attracting talented managers, especially US key hedge funds.

Happy reading and looking forward to receiving your feedback !

Sophie
sophie@opalesque.com



 
This article was published in Opalesque UCITS intelligence.
Opalesque UCITS intelligence
Opalesque UCITS intelligence
Opalesque UCITS intelligence
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. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  2. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  3. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  4. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  5. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V