Fri, Oct 20, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad