Sat, Oct 22, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque UCITS intelligence


Friday, May 03, 2013



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 !


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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p