Wed, May 23, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven