Number of UCITS funds authorized in Italy up by 8.5% in 2012, Mondo Alternative

At the end of September, in Italy were authorized for sale 330 UCITS funds, out of the 498 monitored by financial data provider MondoAlternative.

The number marked an increase by 8.5% compared to the end of 2011, when 304 funds were available to Italian investors.

Research by MondoAlternative found that in Italy, 21 firms manage 40 single manager products and 9 funds of alternative UCITS funds, for a total of €3.3bn.

Kairos International Sicav Selection (Long/short equity) is the biggest single manager fund with €303.8m, followed by PRIMAstrategia Europa Alto Potenziale with €222m, and by Generali IS Absolute Return Multi Strategies with €209.3m

Prima Flex 50 leads the fund of funds ranking by assets under management, with €366m, followed by Kairos International Sicav Multi Strategy Ucits (€52.5m) and Pareturn HI Core UCITS Fund (€34.7m).

With €938.6m asset at the end of September, Anima SGR is the first asset management firm for alternative UCITS funds under management, followed by AZ Fund Management and by Kairos Partners.

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