Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
10/02/2010
Ucits universe grows to over $50bn
The total value of the Ucits-compliant hedge fund universe now exceeds £35bn ($54.8bn) and is likely to continue to grow in the near future, Hedge fund Research (HFR) said today.
According to the data provider, there are now more than 200 hedge funds compliant with the Ucits III guidelines, the third iteration of the EU’s highly regulated fund wrapper, with the
majority of growth taking place in the last two years. The guidelines were initially introduced in 1989.
“As the structural requirements of institutional investors continue to shape the landscape of the industry, funds conforming to Ucits III guidance have generated a significant amount of
interest” said HFR president Ken Heinz. “Ucits III constitutes a compelling and tractable set of guidelines which serve to greatly enhance product transparency, cross-border
distribution, and risk control.”
Ucits products are considered one of the fund management world’s success stories of recent years, having been successfully rolled out to Asian and Latin American markets, and beyond.
In a separate announcement, HFR revealed that its China index had posted a record performance gain of 50.4% for 2009, with AuM increasing to $76.3bn, the highest level since 2008’s third
quarter.
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Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
Hedge fund inflows in Q2
Hedge inflows have slowed as volatile markets made sitting on the sidelines the safest option in Q2. According to figures from HFR, the quarter’s $9.5bn - a 30% drop from Q1’s $14bn – reflected the 'wait and see' policy of many investors as the HFRI Fund Weighted Composite dropped -2.5%. With nerves setting in, recent predictions of a boom of interest in the alpha potential of smaller managers also fell flat, with the lion’s share of money going to large $5bn-plus managers.
Read MoreFunds of hedge funds fall out of favour
A growing number of institutional investors are now opting to invest directly into hedge funds instead of allocating to the space via funds of hedge funds.
Read More
22/09/2010
UK: Ucits IV
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
US: topic to be confirmed
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
HFM Week US Performance Awards
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
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