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 two years.

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 of 15%.

"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 benchmark."...

ISSN: 2151-1845 / CDC10004H

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