Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MondoAlternative UCITS report shows inflows to single manager funds increased over third quarter

Thursday, November 08, 2012
Opalesque Industry Update - MondoAlternative reported that:
  • Alternative UCITS inflows in 3Q 2012: +746.6 Euro million Single manager; -127.8 Euro million Fund of funds;
  • +153 Euro million daily funds, +573 Euro million weekly funds, +24 Euro million fortnightly funds;
  • -335 Euro million hedge fund boutiques, +1.085 Euro billions global asset managers;
  • Macro (+677 Euro million), Volatility trading (+560 Euro million), Credit long/short (+278 Euro million) are the top three strategies in terms of 3Q 2012 flows;
  • Funds managing more than 500 Euro million raised 1.4 Euro billion, smaller funds lost 0.7 Euro billion;
  • Alternative UCITS: 73.1 Euro billion of total assets under management monitored, up from 69.9 Euro million at end of June; 498 funds (460 single managers and 38 Fund of Funds). 70.7 Euro billion are managed by Single manager products, 2.4 Euro billion by Fund of funds;

Alternative UCITS funds continue to grow and registered positive inflows during the third quarter of 2012. According to the new MondoAlternative quarterly report, weekly funds gathered the most, 573 Euro million, despite representing the 21.7% of the universe monitored. Global asset managers (defined as companies managing hedge funds and other types of investments) are lining up on the field with their best players, being responsible for over 1 billion Euro of inflows. Hedge fund boutiques (companies managing exclusively hedge fund strategies) who entered the arena to reach new clients, are finding difficulties and registered outflows for 335 Euro million. In any case, they represent the 23.4% of the total assets of the sector.

Stefano Gaspari, CEO at MondoAlternative says: “Concerning the flows in the alternative UCITS sectors the winning strategies of the third quarter 2012 are Macro, Volatility trading and Credit long/short, the same strategies leading the flows ranking since the beginning of the year. This means that the search for uncorrelated strategies is still on its way. Liquidity terms seem not to be a particular concern for investors now, given that weekly funds were the most successful in terms of asset gathering”.

“Quite interesting is also the data showing that, like what happens for hedge funds, biggest funds are the sole responsible for asset inflows in to the sector. According to our data, in fact, funds managing more than 500 Euro million raised almost 1.4 Euro billion, while smaller fund lost 0.7 Euro billion”.

“We are the sole information provider computing Asset Weighted Indices (thanks to the collaboration with Eurizon Capital Sgr), which gives an idea on how the biggest funds perform compared to the smallest ones. Interesting to see, in 2012 the Asset Weighted index is outperforming the Equal Weighted one by 47 basis points, thus overtaking Libor by 164 basis points, a good result for absolute return products so far.”

Other findings of the report

  • +1.31% performance (MA-EURIZON Ucits Alternative Global Index Equal Weighted) in 3Q 2012, +1.19% (MA-EURIZON Ucits Alternative Global Index Asset Weighted);
  • +1.77% YTD (MA-EURIZON Ucits Alternative Global Index Equal Weighted); +2.24% YTD (MA-EURIZON Ucits Alternative Global Index Asset Weighted) – from January to September. During the same period, 3 months Libor performed +0.60%;
  • 23.4% of the assets are managed by Hedge fund boutiques, 76.6% of the assets are managed by Global asset managers;
  • Macro (15.8 Euro billion), Long/short equity (10.9 Euro billion) and Equity market neutral (8,5 Euro billion) are the top three strategies by assets managed;
  • 18 new alternative UCITS funds were launched, 16 were liquidated.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed