Wed, Oct 1, 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   |   

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  3. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  4. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba

  5. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha