Alceda reports another quarter of alternative Ucits growth in industry

Luxembourg based Alceda Fund Management has published figures indicating continued growth across the industry in assets managed via alternative strategies within Ucits.

The Alceda Quarterly Ucits Review uses data from the Absolute Hedge Global Ucits Index. This shows that the sector grew by 2.4% to 299 funds at the end of the third quarter, with 11 fund launches and four fund closures through the period.

Assets under management in the relevant strategies increased to €84.7bn from €82.5bn in the previous quarter.

The new fund launches were dominated by Macro and Market Neutral strategies – they made up more than half the launches – although broadly diversified global strategies dominate the sector with about 180 funds. Meanwhile, the index overall grew by 1.81% through the quarter.

Michael Sanders, chairman of Alceda Fund Management said: “Despite the difficult market backdrop, the Q3 Quarterly Ucits Review revealed continued growth, albeit somewhat muted, in new fund launches and AUM of alternative Ucits strategies.”

“While equities have had a good run in the quarter, and policy action from the US, Japan and Europe has somewhat bolstered risk appetites, investors remain cautious. If you look at the evolution of alternative Ucits strategies over the last eight years, the progression made in both number of funds and AUM has been significant, demonstrating the increasing popularity and importance of alternative strategies in a Ucits format.”

To read the full Review click here: [asset_library_tag 6090,Alceda Quarterly Ucits Review]

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