Opalesque Industry Update - According to Alix Capital SA's Third Quarter (Q3) Report, all single UCITS strategies are now down since the beginning of the year with the exception of Commodities (up 0.10%); the number of single manager UCITS hedge funds increased from 665 to 705 (6%) in Q3, a growth lower than in Q1 and Q2; the total amount invested in single UCITS hedge funds grew by 7.16%, reaching EUR 121.70bn and by almost 32% YTD; and Luxembourg remains the most attractive domicile for UCITS hedge funds. Geneva-based Alix offers specialized consulting services in the field of UCITS hedge fund investments, and manages the UCITS Alternative Index series.
Performance
Number of funds The number of Funds of Funds grew by 7.4% in Q3 to reach 73 (28% YTD). Long/Short Equity, Macro and Fixed Income are the strategies with the largest number of constituents, commodities and Event-Driven are the smallest strategies in term of number of funds. So far 127 funds were added to the UCITS Alternative Index this year.
AuM At the moment the asset under management distribution remains stable over time with a large number of funds (27%) with less than EUR 20m AUM and 50.3% of funds with less than EUR 50m.
Domicile and liquidity
The liquidity profile of UCITS hedge funds remains stable, with 84.1% offering daily liquidity, 15.4% weekly and 0.5% bi-monthly. Performance table: Source For more information: +41 22 59 111 40 or info@ucits-alternative.com.
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Industry Updates
Despite negative returns, UCITS hedge funds grew in number by 6% in Q3 (to 705) with assets reaching Eur121.7bn
Friday, October 28, 2011
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