Most Alternative UCITS funds are having an very solid 2019 sofar. The LuxHedge Global Alternative UCITS Index posted a tiny gain of +0.06% in October, bringing year-to-date results for the average fund up to +3.22%. 80% of funds are able to post positive results so far in 2019....
Most Alternative UCITS funds are having an very solid 2019 sofar. The LuxHedge Global Alternative UCITS Index posted a tiny gain of +0.06% in October, bringing year-to-date results for the average fund up to +3.22%. 80% of funds are able to post positive results so far in 2019....
Under the current uncertain market environment, many investors are rethinking their portfolios and considering to increase allocations to alternatives. 2019 provided steady returns throughout the year, but picking the right manager and strategy has become more important than ever....
2019 showed net outflows of the Alternative UCITS universe, especially the Multi Asset Abolute Return segment incurred a big AUM loss. However, that did not stop some funds raking in a decent amount of investments. Below the biggest AUM winners of 2019 can be found. Given the rally in risk assets...
Fulcrum Asset Management launches new alternative risk premia fund. The new strategy targets macro premia with Fulcrum's experience in trend following, carry volatility and value in all asset classes. It will focus on excluding any exposure to single name equities or equity factors. The absolute ret...
We are pleased to invite all professional investors and key fund selectors to our Alternative UCITS seminar in Zürich on November 12. Greiff Capital Management, Sissener, Butler Investment Managers and Bainbridge Partners will present a broad array of liquid Alternative strategies that are designed...
Most Alternative UCITS funds are having an very solid 2019 sofar. The LuxHedge Global Alternative UCITS Index posted a tiny gain of +0.06% in October, bringing year-to-date results for the average fund up to +3.22%. 80% of funds are able to post positive results so far in 2019....
Man GLG launches their new market neutral event driven fund providing investors with a new option in their alternative UCITS range. Operating a long/short approach to profit from M&A deal spread-driven opportunities. Focusing on a global diverse investment universe, varying from small- to large-cap ...
Union Bancaire Privée partnered up with the New York based Shannon River Capital Management by releasing a new thematic fund on their Alternative UCITS platform. The strategy specialises in small and mid-cap “mispriced growth” stocks in technology related sectors. Founder and CIO, Spencer Wax...
Nomura Asset Management has launched its recent addition to their alternative UCITS range, their Alternative Alpha Fund. The strategy utilises a combination of derivatives and volatility sub-strategies and essentially aims to capture the volatility risk premium component of an alternative risk premi...
Over the summer Syquant Capital soft launched the new credit and event-driven focused fund that is since early October open for investors. The fund will be co-managed by CIO, Henri Jeantet and Philippe Saudreau, who is the in-house expert on credit. The fund, which launched with €25 million in ass...
Exane Asset Management will reshuffle its Equity Market Neutral UCITS line-up later this month. Where currently the firm offers sector specific versions of European long/short market neutral strategies, all sector specific strategies will now be combined in one UCITS offer....
Franklin Templeton and K2 advisors announced the launch of 5 new UCITS funds that are currently available through K2 Advisors’ managed accounts platform. The strategies range from long/short technology and structured credit to announced merger arbitrage. ...
American asset manager Nuveen is making it’s US long/short and market neutral strategies available to European investors through a partnership with the Schroders GAIA Alternative UCITS platform. The strategy combines fundamental bottom-up stock-driven research with quantitative data analysis. Nuve...
According to data from industry organisation Efama, UCITS funds saw inflows of 86BEUR in July, a steep increase from June’s +6BEUR inflow. With investors anticipating further monetary stimulus, most money flowed into bond funds which saw their assets increase with +39BEUR in June, despite record ...
Bridgewater Associates, the worlds’s largest hedge fund founded by legendary investor Ray Dalio, is making its strategies available to European investors via the UCITS platform of Lyxor Asset management. The new Lyxor/Bridgewater Core Global Macro Fund will combine Bridgewater’s 2 flagship strat...
Most Alternative UCITS funds are having an excellent 2019 sofar. The LuxHedge Global Alternative UCITS Index posted a gain of +0.95% in June, bringing year-to-date results for the average fund up to +2.71%. 4 out of 5 funds are able to post positive results so far this year. Nearly every strategy is...
With a world of investing that is increasingly focused on Environmental, Social and Governance criteria, it was only a matter of time before ESG Alternatives took off. 2019 has seen a few new funds launched with also Trium announcing an ESG emission impact market neutral fund earlier this month....
New York-based Academy Investment Management will manage a new strategy on Lyxor’s Alternative UCITS platform. The fund will use quantitative models to invest in global equity markets in a market-neutral way, using price, and non-technical alternative data sets. Investors will gain exposure to aro...
IAM has announced the launch of a new volatility trading UCITS fund that will be managed by True Partner Capital. The IAM True Partner Volatility UCITS fund will follow a relative value volatility trading strategy using proprietary trading technology and quant models. It aims to provide positive ret...
Alma Capital Investment Management has entered into an agreement with Deutsche bank to acquire DWS’s Hedge Fund UCITS business which provides investors with access to liquid alternative investment strategies in regulated UCITS funds through the DB Platinum fund range. The platform has approximatel...
The Lyxor Alternative UCITS platform has seen some strong growth in the past 2 years with both organic growth of assets in the funds and a continuous launch of new strategies on the platform. Lyxor and Bridgewater Associates have recently announced the launch of a new Alternative UCITS fund that wil...
After a strong first quarter of the year, most Alternative UCITS funds continued to edge higher in April. The LuxHedge Global Alternative UCITS Index posted a gain of +0.58% last month, bringing year-to-date results for the average fund up to +2.52%. 4 out of 5 funds are able to post positive result...
Most Alternative UCITS funds had an excellent first quarter in 2019. The LuxHedge Global Alternative UCITS Index posted a strong gain of +1.98% to start off the year. 80% of funds in our database posted positive results. All strategy indexes showed a positive performance, with Event Driven and Me...
Man GLG announced the launch of a new multi-strategy credit Alternative UCITS. The fund will invest globally and combines convertible arbitrage, long-short credit and capital structure arbitrage strategies in one vehicle. Fund manager Chris Huggins commented on the launch by saying: ‘Spreads ha...
The market for alternative UCITS, the more hedge fund-type of UCITS funds, has doubled since 2008, but underwent its first outflow since then in 2018. Sharing a link to an interview that LuxHedge had with Alternative News provider Opalesque during our event in Geneva this year. Fund manager Chris...
With only a few Japanese Equity Long/Short Alternative UCITS funds in existence today, Allianz is the first manager to announce the launch of a market neutral strategy that focusses on selecting long and short Japanese stocks. The fund aims for 6% to 8% returns with an equity exposure that will ran...
Union Bancaire Privée has added a new credit long/short manager to its Alternative UCITS platform. Global Credit Advisers (GCA) is a New-York based credit specialist that is running credit focussed strategies since 2008. The UCITS funds will aim for absolute returns via an actively managed long/sho...
After only having gathered 175MUSD in 3 years, Blackrock has decided to liquidate its Alternative UCITS Multi manager fund. The BSF Multi-Manager Alternative Strategies fund was launched in January of 2016 and had its biggest allocations to Boussard (Relative Value / Event Driven), GSA (Relative Va...
As of March 2019, ML Capital is rebranding back to MontLake. The firm recognised that the marketplace knows the company more prominently as MontLake, which today is the name of the Alternative UCITS fund platform. During 2018, Assets under Management for the platform grew to USD7.5 billion and the f...
Most Alternative UCITS funds were off to a very good start in January. The LuxHedge Global Alternative UCITS Index posted a solid gain of +1.30% to start the year, well recuperating December losses. 4 out of 5 funds were able to post positive results for the month....
Aberdeen Standard Investments has announced the launch of a new Alternative UCITS Fund of Fund, consisting of 140 UCITS funds, tracking the constituents and weights of the HFRI-I Liquid Alternative UCITS Index. The vehicle aims to provide a solution for investors who seek a broadly diversified Alter...
Under the current challenging market conditions, many investors are rethinking their portfolios and considering to increase allocations to alternatives. 2018 proved to be a difficult year for many Aternative UCITS funds, picking the right manager and strategy has become more important than ever. Lu...
General poor performance and surges in market volatility have led to record redemptions in the hedge fund industry. According to Hedge Fund Research’s monthly report, 0.7% of industry capital left in 2018 Q4 with more than 20 large funds experiencing outflows that exceeded 500MUSD...
The average Alternative UCITS fund continues to have a difficult time performing in 2018. The LuxHedge Global Alternative UCITS Index posted a loss of -0.59% in November, bringing YTD results down to -3.64%....
New Mexico based investment firm Thornburg has announced the launch of an Equity Long/Short UCITS fund. The strategy dates back to 2008 and has been running both in a managed account and in a US mutual fund form. Thornburg aims to create alpha with superior stock selection both on long and short sid...
Using convertibles to get long exposure to companies, the fund will share characteristics with traditional Long/Short Equity and Convertible Arbitrage funds. The investments are split into five categories The TerreNeuve fund will follow the investment process of its offshore counterpart that was ...
The average Alternative UCITS fund continues to have a difficult time performing in 2018. The LuxHedge Global Alternative UCITS Index posted a loss of -0.59% in November, bringing YTD results down to -3.64%....
In line with it’s objective to integrate ESG criteria into 90% of its mainstream AUM by 2019, Lombard Odier IM announced the launch of a new sustainable market neutral fund. The TerreNeuve fund will follow the investment process of its offshore counterpart that was launched earlier this year, w...
Nordea asset management and Stockholm- based hedge fund Madrague Capital Partners launch a new European Equity Long/Short UCITS. The fund will trade a global universe of stocks ...
As part of its multi-boutique approach to asset management, insurance group Generali has acquired the Alternative UCITS platform CM Investment Solutions Limited from Bank of America Merrill Lynch. With investors increasingly looking for non-traditional asset classes and uncorrelated absolute return ...
New York based Cooper Creek Partners has partnered up with Montlake to launch a UCITS compliant version of their North American Equity Long/Short strategy. The new fund will invest in a portfolio of high conviction ideas with a low net exposure and aims to generate alpha on long and short side while...
On average, Alternative UCITS funds suffered during October’s market correction with almost every strategy index showing a negative performance. The LuxHedge Global Alternative UCITS Index posted a loss of -1.67%, bringing YTD down to -3.08%, the worst drawdown since early 2016....
BlackRock has launched a new Equity Long/Short fund that will invest in emerging UK companies who are at the early stage of their life cycle, expected to have a significant growth....
Jupiter Asset Management has launched a US Equity Long Short fund that aims to generate an absolute return over a 3 year rolling period, reduce the correlation with stock markets and limit the overall volatility of portfolio returns....
Lyxor Asset Management and Dymon Asia have announced the launch of the Lyxor/Dymon Asia Macro Fund, a liquid discretionary global macro strategy with an Asian focus....
Many Alternative UCITS funds continue to have a difficult time delivering in 2018. The LuxHedge Global Alternative UCITS Index posted a small loss of -0.01%, bringing 2018 YTD to -1.43%. Half of the nearly 1000 index constituents posted positive results in September. Fund picking remains of utmost i...
Pictet Asset Management announced the launch of a new Japanese Equity Market Neutral Strategy within their total return fund range. The TR Akari UCITS seeks exposure to liquid large cap stocks and will offer a weekly liquidity. The two investment managers previously already managed money in Pictet's...
UBS Asset Management has closed its A&Q Diversified Alternative Portfolio UCITS fund, a fund of fund which sits within their Alternative Solutions Umbrella. It was implied that the A&Q Diversified Alternative Portfolio UCITS fund wasn’t getting enough traction in a difficult environment for risk p...
Total Assets under Management in Europe increased to EUR 25.2 trillion in 2017, a hike of 10%. Of the total AUM, 52% is managed by European investment funds, the remaining 48% are discretionary mandates. Institutional investors represent the largest client category of the European asset managemen...
Close to 60% of Alternative UCITS funds posted losses in August, pushing broad based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41%, bringing 2018 YTD to -1.43%. Only one quarter of all funds is currently able to post year-to-date positive figures. ...
Ofi Asset Management and Candriam announced a partnership on merger arbitrage strategies. As part of the deal, the Ofi Risk Arb Absolu fund will become a feeder fund that fully invests in the Candriam Risk Arbitrage master fund. The two managers of the Ofi fund have joined absolute performance inves...
While management fees are generally declining, the Central Bank of Ireland is investigating performance fees charged by UCITS. During 2017, around 350 UCITS funds increased performance fees for their funds...
After one of its fund managers was suspended earlier this week and investors started pulling money out, GAM has halted trading in its unconstrained and absolute return bond funds (>6BEUR AUM). In a statement released on August 2nd, GAM commented: “Although the funds have the necessary liquidity to...
K2 Advisors published a short video detailing out their hedge fund strategy preferences for Q3 of 2018. Their top preference is on Event Driven. With the At&T Time Warner merger cleared, this has relieved concerns that the government would put constraints on future M&A activities. T...
After one of its fund managers was suspended earlier this week and investors started pulling money out, GAM has halted trading in its unconstrained and absolute return bond funds (>6BEUR AUM). In a statement released on August 2nd, GAM commented: “Although the funds have the necessary liquidity to...
Osmosis Investment Management announced the launch of a new UCITS fund “Osmosis MoRE World Resource Efficiency Fund – Sustainable Market Neutral”. It will provide investors with absolute returns, uncorrelated to equity markets, while delivering a significantly reduced net environmental footpri...
Fifteen years after the launch of Tulip Trend Fund in 2003, Progressive Capital Partners has announced the expansion of its trend-following offering with a UCITS version of Tulip Trend Fund. Both the original Tulip Trend Fund and the UCITS version are sub-advised by Transtrend, a Rotterdam based CT...
Tages Capital and Dalton Investments have announced the launch of a new Emerging Markets Long/Short strategy. This new launch is the 5th Alternative UCITS fund on the Tages platform....
A bit more than 60% of Alternative UCITS funds posted losses in May, the LuxHedge Global Alternative UCITS Index lost -0.37%, bringing 2018 YTD to -0.83%. Dispersion amongst Alternative UCITS funds was even more pronounced than usual with the worst fund returning -19% (leveraged Global Macro) and...
German asset manager TBF announced the launch of a new UCITS fund “TBF Global Equity LS”. The fund pursues a market neutral strategy with a long portfolio that consists of "best idea" stocks from the TBF universe, fully covered with a short exposure on index level. It is intended for defensive ...
Leveraged loan specialist Highland Capital Management has announced the launch of a collateralised loan obligations fund on the Montlake UCITS platform. The fund will invests in US and European floating rate CLO debt with a dynamic allocation across ratings categories....
In the current more volatile market environment, Alternative UCITS funds become increasingly popular with investors that seek diversifying return streams. Assets under Management for the total universe advanced again with +5BEUR in April to reach 465BEUR, another record high....
Dalton Strategic Partnership (DSP) announced the launch of a new Systematic Global Macro UCITS. The fund aims for 7-10% annualized returns net of fees on a rolling 3-year basis with a target volatility of 7% by allocating across most liquid asset classes globally. The investment process is complete...
Cheyne Capital Management will manage a new arbitrage focussed UCITS fund on the Union Bancaire Privée UCITS platform. The fund will combine a core yield component with merger arbitrage and oportunistic arbitrage strategies. According to Cheyne, the strategy is very well suited to today’s incr...
French asset manager Groupama AM has announced the launch of G Fund – Absolute Return Bonds. The new vehicle aims to outperform EONIA through directional and relative value arbitrage strategies gaining long and short exposure on global fixed income, credit and foreign exchange markets. Groupama...
Selwood Asset Management is now offering its Market Neutral Credit UCITS strategy through the Deutsche Bank Platinum platform. The fund launched on April 13th and currently has 300MUSD of assets under management. The strategy targets a net return of about 6% … 7% by capturing a historical dislocat...
Zadig Gestion has decided to soft-close their Memnon Market Neutral fund. Currently 312MEUR in assets and running close to the startegy’s capacity, this decision has been taken to protect interests of current shareholders in the fund. Zadig Gestion is a Luxembourg based investment manageme...
In line with the broader hedge fund market, the average Alternative UCITS fund showed a negative performance in Q1. The LuxHedge Global Alternative UCITS index declined with -0.56% in March, bringing 2018 YTD to -0.69%....
H2O Asset Management and Quadra Capital Partners have signed a partnership deal to team up on the development of new alternative strategies. The new partnership will enable H2O AM to expand its range of alternative products. Quadra’s Global Equity Alpha fund keeps its investment policy but will be...
Hedge Funds lost some ground again in March with a loss of -0.51% in the Eurekahedge Hedge Fund Index, nevertheless outperforming the MSCI World Index which ended March down -2.21%. ...
Under the current tough market conditions, many investors are rethinking their portfolios and considering alternatives to traditional asset classes. LuxHedge warmly welcomes investors to the upcoming Alternative UCITS Seminars in Luxembourg and Brussels where we discuss the latest trends in this gro...
As total assets for the hedge fund industry grew in 2017, fund liquidations declined sharply. For the second consecutive quarter, hedge fund launches exceeded liquidations in Q4 2017, according to the latest HFR Market Microstructure Report. ...
UK manager J8 Capital Management and German investment company Universal-Investment have launched the UI - J8 Global Absolute Return UCITS Fund. The fund implements a scientifically-backed, systematic and rules-based multi strategy approach focused on momentum, carry and value trades. ...
2018 kicked off with again many new Alternative UCITS funds launches. Most of the new funds focus on explicit market neutrality or very diversified multi asset approaches (Global Macro, Multi Asset Long/Short, Multi Strategy). Below a list of recent additions to to our database....
The HFRX Global hedge Fund Index lost 2.42% in February, a first decline since October of 2016. All major strategies lost ground, especially quantitative trend-following CTA’s who were caught on the long equity side. Equity Hedge limited the loss to -1.49%, partially offset by long exposures to...
The Carmignac Euro Patrimoine fund has undergone a strategy change towards a European L/S approach, renaming the fund to “Carmignac Portfolio Long-Short European Equities". Net equity exposure will range between -20% and 50% of assets. The fund will keep a small long bias and has changed its bench...
Union Investment announced the launch of the UniInstitutional MultiPremia fund. The strategy targets absolute returns and allocates to a variety of alternative risk premia such as value, momentum, size and carry in a diversified set of asset classes including equities, fixed income, currencies and c...
Syz AM announced the launch of “OYSTER Equity Premia Global”, a market neutral L/S UCITS fund. The firm already runs an Alternative Risk Premia fund on European equities. They now added models for US, Japan and the rest of the world in the lauch of this new global vehicle. Syz AM commented that ...
In line with the broader hedge fund market, Alternative UCITS funds profited from the rising volatility in fixed income and equity markets towards the end of the month. The LuxHedge Global Alternative UCITS index advanced with +0.93%, the largest monthly gain since October of 2015. ...
Luxembourg based LRI Group and Swiss M17 Capital management are partnering up for the launch of a new European Equity Market Neutral UCITS fund. Markus Matuszek, CIO of M17 Capital Management, described the investment approach as ‘bottom-up, market-cap agnostic yet liquidity cognisant’. With 30 ...
London based boutique firm Valeur Capital is launching a brand new Alternative UCITS platform under the umbrella Anteo UCITS. It currently hosts 3 funds: two fixed income relative value vehicles and one equity volatility arbitrage fund. The platform launched with 250MEUR of assets under management a...
GS Fund solutions, a 3rd party Alternative UCITS platform currently hosting 10 funds, is entering in a partnership with French asset management giant Amundi which will provide management, due diligence and monitoring services for the platform. GS Fund solutions is a part of the GS securities divi...
Rothschild Asset Management will launch an Equity Market Neutral UCITS in partnership with French boutique Perdurance Asset Management. The fund will be managed by Ivan Briery from Perdurance, who was the lead manager of the renowned Voltaire hedge fund. The fund will focus on Europe, selecting lo...
Parvest, a subsidiary of BNP Paribas Asset Management, announced the launch of a global equity Long/Short strategy called GEARS: Global Equity Absolute Return Strategy. The fund targets positive returns through market cycles. With the appetite for UCITS-compliant absolute return products continuing...
The next LuxHedge Alternative UCITS Seminar takes place in Geneva on Tuesday, March 27. After a plenary session on the Alternative UCITS market and trends, four Alternative UCITS fund managers will present their UCITS hedge fund strategies. ...
Investment boutique Muzinich & Co. has announced the launch of a Long/Short total return European credit strategy. The fund aims to generate attractive mid-to-high single-digit returns by investing in European credit markets in strong conviction trades. The strategy consists of a core long book comb...
Alternative Investment specialist Wellington will make its flagship multi-strategy fund Pagosa available in UCITS form via the Schroder GAIA platform. The strategy currently manages over 2BUSD in 9 underlying internal funds covering Macro, Relative Value, Long/Short credit and Long/Short equity. The...
In an interview with Finalternatives, Borut Miklavcic from LindenGrove Capital is reflecting on the potential impact of central banks gradually exiting from their extreme monetary policy stance. While the timing is highly uncertain, his baseline assumption is that this will lead to a rise in vola...
J8 Capital will launch their CTA strategy with a 5 year live track record in UCITS form. The fund is open for subscription and is scheduled to launch on Feb 18. The fund is intended for investors who seek greater portfolio diversification and new sources of return for savings and retirement product...
Sydney-based Morphic Asset Management will launch a Long/Short ESG fund on the Irish Trium UCITS platform. The fund targets absolute returns and employs a fundamental equity long/short strategy with ESG factors to generate alpha on both long and short positions ...
In the current market environment, many European investors are increasingly looking for alternative sources of returns. Offering a unique combination of hedge fund like returns in a liquid and regulated form, Alternative UCITS funds continued to increase their popularity with investors in 2017....
Agecroft Partners released their annual predictions for the hedge fund industry, based on interactions with fund managers and institutional investors. Below a quick summary of the most important findings and a link to the original LinkedIn post....
HFR’s Global Hedge Fund Index returned +6.0% in 2017, the best annual result since 2013. Performance was positive across a wide range of alternative strategies....
New York Hedge Fund manager Contour joins the Schroders GAIA platform to offer a long/short UCITS version of their tech focussed strategy. The fund aims for a low correlation with equity markets and targets to take advantage of the high dispersion of returns within the global technology, media, and ...
After a strong October, Alternative UCITS funds performed slightly negative on average in November. The LuxHedge Global Alternative UCITS index lost -0.13% during the month, bringing YTD gains to +2.16%. The total universe currently consists of well over 1400 funds, with 4 out of 10 posting gains in...
Performance of CTA’s continued to improve in Q3. After strong October performance recuperated previous year losses, the SG CTA index increased with +0.31% in November bringing YTD gains to +1.77%. For trend following strategies, long positions in equity indices continued to be the main performance...
GAM Investments will rebrand its GAM Star Alternative Fixed Income fund to GAM Star Absolute Return Macro fund. Focussing on macro themes, the fund will seek exposure to fixed income, currencies and equity indices while aiming for a low correlation with equity and bond markets. The investment approa...
We continue to see lots of new fund launches over the past month, adding 18 new funds to our database in November. A wide range of different strategies is covered, with a clear skew towards Alternative Risk Premia funds. Also the first Alternative UCITS ETFs from Amundi and JP Morgan are taken up....
Blackrock is launching the BSF Global Macro Opportunities fund, a long/short vehicle with exposure to a wide array of asset classes such as global equities, rates, credit and currency markets. It aims to offer an alternative to investors who are rethinking their allocations to equities and bonds, an...