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Opalesque UCITS intelligence

Profiles: Profile of six platforms & Funds listed on these platforms by strategies

Friday, May 03, 2013

BANK OF AMERICA MERRILL LYNCH

Business model:
Merrill Lynch Investment Solutions has been one of the pioneers in the UCITS platform space in Europe, offering European investors access to a range of global managers in the regulated UCITS format. None of the MLIS funds use TRS.

Creation of the platform: 2007
Location: Luxembourg

Number of funds: 14

AUM:
End of 2011: $1,68bn
End of 2012: $1,82bn
Q1 2013: $1,92bn

Top raising fund 2012: MLIS - AQR Global Relative Value UCITS Fund

Contacts: Paul Holmes, p.holmes@baml.com, +44 (0) 207 995 3299

 

ALCEDA

Business model:
Alceda's AUP platform is the largest independent UCITS platform in Europe. Alceda is represented in four 4 countries, with offices in Luxembourg, Hamburg (Germany), London and Hong Kong, with over 60 employees worldwide. The Alceda model is to structure investment solutions in a UCITS format and offer distribution capacity. Each manager can choose its own counter parties for trades and custody. Alceda has partner with a Latin America partner to distribute funds in LATAM countries. The AUP has been awarded several times as Best UCITS Platform in 2011 and 2012.

Creation of the platform: 2009
Location: Luxembourg

Number of funds: 17

AUM end of 2011 and end of 2012
End of 2011: 4,5 bn EUR
End of 2012: 5,3 bn EUR
Q1 2013: 5,4 bn EUR

Top raising fund in 2012:
Tideway UCITS Fund - Global Navigator has won several awards recently for its outstanding performance as the top performing Macro UCITS Hedge Fund in 2012 over one year as recognized by Alix Capital, Barclayhedge, global Hedge Fund Report and is short listed for HFM Awards 2013.

Head: Manuela Fr¶hlich
Contact: Manuela Fr¶hlich, Managing Director and Head of Global Fund Sales
Website: www.alceda.lu

 

DEUTSCHE BANK - Deutsche Bank Platform

Business model:
The first alternative UCITS fund was launched in 2009. DB was nominated Best overall Investment Platform in 2011 and 2012 by Hedge Fund Intelligence.

Creation of the platform: 2009
Location: London

Number of funds: 14
Single Manager UCITS: 10
Multi Manager UCITS: 5

AUM end of 2011 and end of 2012
End of 2011: USD 2.44bn
End of 2012: USD 2.45bn
Q1 2013: NA

Top raising fund in 2012: DB Platinum Omega

Contact: Alternative & Fund Solutions, London
Tel: +44 (0)20 7545 0040
Website: www.funds.db.com

 

MORGAN STANLEY – FundLogic

Business model:
FundLogic was introduced in 2006 to offer beta-based strategies and Morgan Stanley expanded the concept in 2010 by launching a Managed Accounts Platform and FundLogic Alternatives. FundLogic Alternatives has selected experienced alternative managers and was named the best UCITS Platform in 2012 by Mondo Hedge, and many of its sub-funds have received individual awards since launch. FundLogic, which is a part of Morgan Stanley’s Fund and Fund-linked business has over $4bn assets under management.

Creation of the platform: 2010
Location: London

Number of funds: 17 Alternatives and 2 Long Only

AUM end of 2011 and end of 2012
End of 2011: $802m
End of 2012: $1193m
Q1 2013: $1310m

Top raising fund in 2012:
The MS PSAM Global Event UCITS Fund was the top raising fund in 2012, raising over $100m. PSAM was recently awarded the best Event Driven UCITS Fund by the Hedge Fund Journal, given their strong performance in the space.

Head: Mr. Stephane Berthet
Contact: +44 20 7677-3509

 

GOLDMAN SACHS INTERNATIONAL – UCITS PLATFORMS

Business model:
Goldman Sachs International launched its UCITS offering in 2006 focusing on internally developed algorithmic strategies. In 2007 hedge fund replicator products were added, and in 2011 Goldman Sachs International launched the external hedge fund manager platform.

Creation of the platform: 2006
Location: London

Number of funds: 15

AUM:
End of 2011: USD 2.3bn
End of 2012: USD 2.1bn
Q1 2013: USD 2.1bn

Top raising fund in 2012:
The MS PSAM Global Event UCITS Fund was the top raising fund in 2012, raising over $100m. PSAM was recently awarded the best Event Driven UCITS Fund by the Hedge Fund Journal, given their strong performance in the space.

Contacts: gs-fdplatforms@gs.com

 

LYXOR: Lyxor Alternative UCITS Platform

Business model:
Lyxor AM has capitalised on 15-year expertise in Managed Account Platform to launch in 2009 an Alternative UCITS platform first with multi-manager alternative funds and since 2011 with the addition of single-manager hedge funds. Lyxor Alternative UCITS Platform gives access to a scope of 15 products ranging from single-manager hedge funds and funds of hedge funds to hedge fund indices and hedge fund replicators, making it adaptable to a wide range of client challenges.

In 2013, Lyxor has leveraged on its long term relationships with leading hedge fund managers such as Winton and Canyon to launch alternative strategies in a UCITS format available on its platform.

AUM have increased by 42% on single HF in 2012.

Creation of the platform: 2009
Location: Paris

Number of funds: 15 (6 single-manager funds and 9 multimanager funds)

AUM end of 2011 and end of 2012
End of 2011: USD175 m
End of 2012: USD 175 m
Q1 2013: USD 195 m

Contacts: Nathanael Benzaken, Head of Managed Account business development
Website: www.lyxor.com

 

ALCEDA

Bank of America Merrill Lynch

Deutsche Bank Platform

MORGAN STANLEY

LYXOR

GS



 
This article was published in Opalesque UCITS intelligence.
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