Sun, Feb 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque UCITS intelligence

MARKET STATISTICS: Q2 2014 by Alix Capital

Monday, August 18, 2014

UCITS absolute return funds continue to progress during the second quarter. After a difficult start (-0.37% in April) the performance improved during the last two months of the quarter with respectively +0.75% in May and +0.22% in June. The performance of the UCITS Alternative Index (UAI) Global for the first half of the year is +0.94%. CTAs are the best performing funds during the second quarter with a progression of 3.93%. They are followed by emerging markets and multi-strategy funds respectively up 2.32% and 1.42%. With their strong results in the second quarter CTA are now the best performing funds since the beginning of the year with a progression of 1.70%. Coming next are multi-strategy and fixed Income funds respectively up 1.62% and 1.58%. UCITS funds of funds display a similar pattern as the global market in terms of performance evolution. They are up 0.27% during the second quarter and up 0.48% since the beginning of the year.

Growth of assets and number of funds

Assets managed by UCITS alternative funds increase by EUR 15 billion (+7%) during the second quarter to reach EUR 235 billion at the end of June. 80% of the asset progression is due to fixed income, long/ short equity and equity market neutral funds. In terms of percentage the largest progression of assets is recorded by Event-Driven funds with +83%. On the negative side commodities, CTA, emerging markets and volatility funds all lost assets since the beginning of the year.

UCITS Platforms

Platform of UCITS absolute return funds continue to progress during the second quarter both in terms of number of funds and assets under management. After the strong progression witnessed in Q1 (+33%) the total assets managed by platform funds continue to advance during the second quarter (+ 5%) to reach EUR 15.48 billion at the end of June. Several of the most successful funds in terms of asset progression are platform funds. As a result, a growing number of these funds are now closed to new investments.
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider