UCITS hedge funds have seen their assets under management increase 18.5% since the beginning of the year to €134.15 billion.
The three largest single-strategy hedge fund managers have seen the most significant increases in AUM to date in 2012: Standard Life Investments is up 43.6%, GAM is up 29.0% and M&G is up 63.9%, according to Geneva-based Alix Capital's latest UCITS report.
There were 17 new single-strategy funds launched in Q3 (for 62 launches YTD), bringing total such funds to 791. Of these new funds, 33% are domiciled in the UK, 27% in the U.S., 20% in France and 20% in Germany. Luxembourg, however, remains the most popular UCITS domicile: it is home to 46.1% of the regulated vehicles.
Fixed-income strategies are the most popular, accounting for 33.7% of total UCITS AUM.
Alix has begun including UCITS hedge fund platform data in its analysis and says assets on such platforms have grown 14.3% this year, to €9.3 billion or 7% of the UCITS market.
Louis Zanolin, CEO of Alix Capital, said in a statement: “We have added platforms to our quarterly research as it represents an important part of the UCITS hedge funds landscape and this is likely to continue growing as the market evolves. For non-European hedge fund managers in particular, platforms provide a cost effective and 'infrastructure light' method of tapping into the UCITS sector and reaching a new investor base."
The report covers 791 single manager alternative UCITS funds and 80 alternative UCITS fund of funds as well as the additional platform analysis.