Sun, Aug 2, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner