Italy’s investments community celebrates at MondoAlternative’s awards

Alternative investments are set to play a role of growing importance in the new investments scenario, and this seems to be particularly true in Italy.

Over the last months of 2012, hedge funds posted a 5.8% perfomance, associated to a 4.9% volatility. Volatility was lower compared to equity markets and compared to more risky asset classses.

In Italy, 20 asset management companies manage 38 single manager products and 9 funds of alternative UCITS funds, for total assets under management of €3.5bn.

For this reason, it was of no surpise to see that the annual awards hosted yesterday evening in Milan by Mondo Alternative, an Italian multimedia provider of financial information dedicated on alternative investments, were widely attended by the Italian investments community.

About 500 people joined Stefano Gasperi, chief executive at the firm, at the tenth anniversary of the event, which was hosted at Borsa Italiana.

It wasn’t all about alternatives. Dante Roscini, senior lecturer at the Harvard Business School discussed economic and investment prospects for the country, and predicted a shift from bond to equity investments which is likely to happen over the next months.

The highlight of the eveninig has the awards ceremony. Prizes were assigned to the best alternative fund in each category, based on its performance in relation to the risk, and only to products that have been registered for sale in Italy.

Insight Investment Management (BNY Mellon), won both the awards in the Emerging markets category, for the risk adjusted performance achieved in 2012 and in the last three years with its Absolute Insight Emerging Market Debt Fund.

Blackrock also won two prizes: BSF Fixed Income Strategies Fund was the fund showing the best risk-adjusted performance in 2012 in the Relative value category, while BSF European Absolute Return was the top performer considering 3 years returns in the Equity market neutral strategy.

Allianz Global Investors, with its Allianz Volatility Strategy fund, won both the 12 months and three years awards, confirming the goodness of a strategy that also won an award last year.

Pioneer Asset Management reached the top of the podium in two different strategies for 36 months results: Pioneer Funds Absolute Return Multi Strategy was the best Multistrategy fund, while Pioneer Funds Absolute Return Currencies was the best Active currency fund.

Oyster Asset Management crossed the finish line first with two different funds for the 2012 award: Oyster Market Neutral for the Equity market neutral category and Oyster Credit Opportunities for the Credit long/short category.

London-based Threadneedle Asset Management won in the Credit long/short category (3 years performance), with its Threadneedle Credit Opportunities Fund, while at the same time was able to win the competition in the Managed futures category for the 2012 performance with its Threadneedle (Lux) Enhanced Commodities fund.

During the ceremony, Lyxor Managed Account Platform was awarded as Best Managed Account platform of the year, while FundLogic Alternatives, by Morgan Stanley, won the prize as the Best UCITS platform.

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