Sun, Apr 26, 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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner