Widening the strategy range
Fri Dec 2, 2011
In terms of strategies and geographies, UCITS is branching out. DATA INCLUDES: 'Macro – top 10 absolute return UCITS funds by annualised rate of return', 'Macro absolute return UCITS funds over $500m' and 'Hedge fund managers launching or considering launching a UCITS fund'
A major reason explaining the growing popularity of UCITS is
the increasingly diverse range of strategies available to
investors in UCITS wrappers. One important strategy that is
becoming increasingly widely available in UCITS format is
systematic managed futures, with a progression of well-regarded
UCITS-compliant strategies having been launched over the past
One example is the AC Spectrum CTA launched in May 2011 by
Hamburg-based Aquila Capital - which trades stock indexes,
bonds, interest rates, currencies and commodities around the
world, targeting an annual return of 18% to 20% with volatility
"We run a big quant group and we're very pleased with the
demand we've seen for the Spectrum strategy, which we've been
running since September 2010 and made available as a UCITS fund
in May this year," says Aquila's Rosslenbroich. "We're now up
by 7.5% year-to-date, which is well above the
ISSN: 2151-1845 / CDC10004H
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