Assets in UCITS hedge funds rose 7.5% in Q2 2012 to €129 billion, according to research from Alix Capital. Over the last 12 months, UCITS AUM have risen 18.3%.
There were 16 single-manager UCITS fund launches in Q2, bringing the total number of single-manager funds to 776. The 20 largest funds account for €64.9 billion of total UCITS AUM, says Alix.
Roughly half of all UCITS funds—50.3%—ended the second quarter in the black. The best-performing strategies were CTA (up 26%) and macro (up 17%) while the best performing individual UCITS hedge funds were the emerging markets-focused Renaissance Ottoman Fund, up 21.48%; followed by the volatility-focused Credit Suisse Global Carry Selector Fund, up 20.32%; and the Thames River Global High Yield Bond, up 18.90%.
In the funds of UCITS hedge funds space, the top performer was the Goldman Sachs Dynamic Alternative Strategies fund, up 2.28% since the beginning of the year. Two new funds of UCITS hedge funds were launched in the second quarter bringing the total to 78.
The most popular UCITS strategy remains fixed income, with €40.6 billion in AUM.
Said Louis Zanolin, CEO of Alix Capital, in a statement: “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. 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. Moreover, the need for transparency, liquidity and regulatory oversight that UCITS funds provide is another significant reason for the growth of this industry which has seen substantial inflows in the last three years.”
Geneva-based Alix Capital provides the UCITS Alternatives Index family of indices.