UCITS Hedge Funds Buoy European Industry’s Assets

Sep 8 2010 | 3:36pm ET

Investors’ taste for UCITS III-compliant hedge funds helped European hedge funds continue to grow—and shook up the continent’s top 50 hedge fund firms.

According to Newedge, Europe’s top 50 hedge funds increased their assets under management 11% over the past year-and-a-half. Those firms now manage some US$300 million.

The gains were particularly notable among those firms with large stables of UCITS-compliant hedge funds. Dexia Asset Management—ranked 31st at the beginning of last year—surged to 13th place among European hedge funds, thanks to its UCITS funds. Even relative newcomers to the space, such as M&H Investments, moving up a few places.

Established managers, such as BlackRock, also relied on its UCITS funds for big inflows. BlackRock’s hedge fund assets under management rose 27% to US$21.7 billion.


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