Wednesday, 31 August 2016
Last updated 56 min ago
Jun 24 2010 | 12:24pm ET
Research firm Eurekahedge has added a UCITS III-compliant hedge fund index to its range of industry benchmarks.
The Eurekahedge UCITS Hedge Fund Database and Index includes some 600 funds with more than US$100 billion in assets under management.
“UCITS hedge funds now account for 7% of the total hedge fund universe of US$1.5 trillion, but have attracted 20%of the net inflows year-to-date 2010—firm evidence of increasing investor appetite for this product,” Eureka CEO Alexander Mearns said.
Some 125 new UCITS hedge funds have debuted this year. Eureka predicts that the total number of such funds will rise to 1,200 from just under 1,000 by the end of 2010. The firm is in the process of adding those funds to the database, with research ongoing on 380 more funds.