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Komfie Manalo, Opalesque Asia: A joint global survey by PwC and the Alternative Investment Management Association, the global industry body representing alternative asset managers, has found that at least 87% of U.S. managers of liquid alternative funds in the survey say AuM is rising in these strategies.
The report, Distribution Disrupted – A Spotlight On Alternatives, assesses the impact of regulatory reforms and changed investor behavior on hedge fund distribution models and capital-raising efforts.
The survey added there are likely to be many more liquid alternative funds, with half of survey respondents in the UK planning to launch one in 2015-16. Nearly a third of the U.S. firms are planning a liquid alternatives launch. However, just 14% of the continental European firms plan to launch a liquid alternatives fund in 2015-16.
The report said, "The growth in liquid alternatives – primarily UCITS funds in Europe and mutual funds registered under the Investment Company Act of 1940 in the U.S., known as ’40 Act funds – has been prolific. With greater transparency, a strong regulatory environment, appealing liquidity terms, often lower fees and the ability to access a range of alternative strategies, growth in liquid alternatives is unsurprising."
At the same time, the survey has found that 81% of firms that manage UCITS funds reporting rising as...................... To view our full article Click here
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