New fund survey for 2011: The elation slows in volatile markets
February 28, 2012
Joy Dunbar, editor of Absolute UCITS, reviews the only annual single manager new fund survey for the alternative UCITS sector.
The euphoria surrounding the early wave of launches in the alternative UCITS sector seen in 2010 has been followed by a period of slower growth the following year, according to the Absolute UCITS global new fund survey for 2011.
The assets under management pulled into new funds using hedging strategies are down by $3.4 billion to $6.1 billion last year from $9.5 billion in 2010 (see chart below). However, the 36% decline of alternative assets attracted into new funds using the UCITS wrapper was against a backdrop of volatile markets, increased regulatory pressures, higher barriers to entry and an unstable economic environment which has created a potent cocktail of uncertainty.
In the second half of 2011 the number of fund launches was down with 43 being launched with around $1.7 billion assets raised....
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