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Last updated 11 hours ago
Jul 18 2012 | 1:16am ET
The UCITS-compliant hedge fund universe grew by a net 12 funds and 7.5% in assets during the second quarter, according to a new report.
UCITS funds hit €129 billion in total assets between March and June, according Alix Capital. Half of that is invested in the 20 largest such funds; all told, UCITS funds have seen their assets grow by 18.3% over the past 12 months.
During the second quarter, 16 new single-manager UCITS funds debuted, against just four that closed their doors. There are now 776 single-manager UCITS hedge funds.
“As predicted, we have continued to see a growth in the total assets managed by UCITS hedge funds in the second quarter of 2012 and this is a trend which we expect to continue for the remainder of the year,” Alix CEO Louis Zanolin said, “Investors are attracted by UCITS funds for bringing an increased investment choice which is reflected in the rise in the number of fund launches in Q2.”