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Komfie Manalo, Opalesque Asia: According to the latest ML Capital Alternative UCITS Barometer, investors are cautious after a quarter of uncertainty and volatility. So most of them are opting to maintain current positions for now. However, the survey also found some exceptions, with strong demand for both Asian and global macro funds in particular, in the third quarter.
ML Capital CEO Cyril Delamare, commented, "After the worst quarter for markets in five years, investors are naturally hesitant to make any major decisions as they face into the end of the year. Bearish sentiment is at its most extreme level since 2008, usually a strong signal of a market bottom. However with fundamentals not that strong and valuations not cheap, this argument does not hold up well, and therefore most investors are choosing to remain well diversified and cautious until key macro issues become clearer."
The global hedge fund industry has grown by around 10% since the financial crisis, and the general testing environment should be conducive to the best managers. So alternative UCITS should continue to grow in the next few years, he said.
He added, "Key findings from PwC’s latest global pension fund report show that global pensions have shown a surge in allocations to alternative asset classes, jumping from $4.4tln in 2008 to $9.7tlnin 2014, a 117% increase."
More money has been flowing into UCITS and other liquid alternati...................... To view our full article Click here
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