Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque UCITS intelligence

MARKET STATISTICS : Q1 2014 by Alix Capital ML Capital latest investors' survey

Friday, May 16, 2014

UCITS absolute return funds advanced by 0.34% during the first quarter of 2014. The good performance of Equity and Fixed Income strategies was partially offset by the negative performance of CTA and Emerging Markets funds. Since the beginning of the year the three best performing strategy indices are the UAI UCITS Long/Short Equity Index up 1.50% followed by the UAI Fixed Income up 0.80% and the UAI Equity Market Neutral Index up 0.77%. On the negative side the UAI CTA is down -2.15% and the UAI Emerging Markets down -1.44%. Benefiting from the good performance of equity related strategies UCITS funds of funds end the first quarter slightly positive with +0.21%.

Growth of assets and number of Funds

While the total number of funds remains stable the level of assets under management strongly advanced during the first quarter passing from EUR 190 billion to EUR 220 billion, a progression of 16%. The high progression rate – the largest quarterly increase since June 2010 - is explained by several factors. The first reason is the increasing preference from investors for absolute return fixed income rather than long only funds. The second one is the strong interest for absolute return equity strategies such as Long/Short Equity, Equity Market Neutral and Event-Driven following the good performance recorded in 2013. UCITS Platforms

Jumping by around 30% - from EUR 11.3b to EUR 14.9 - the total assets managed by platforms of UCITS absolute return funds progressed twice as fast as the global market during the first quarter of 2014. A large part of the asset progression is explained by two funds: the Schroder GAIA Sirios US Equity and the MLIS Marshall Wace TOPS UCITS that collected respectively USD 1899 million and EUR 588 million in Q1 2014. In total 10 platform funds increased their assets under management by more than EUR 100 million during the period.

Louis Zanolin, Alix Capital - zanolin@alixcapital.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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar