Joy Dunbar, Editor of Absolute UCITS, explores the state of the UCITS fund of fund sector
Worldwide assets in alternative UCITS fund of funds increased marginally in 2011, according to new research from the Absolute UCITS research and data team.
In an extremely difficult year for the industry – which was triggered by the escalating Eurozone economic and financial crisis – difficulties with performance clearly took a heavy toll on investor confidence.
This resulted in assets under management increasing by only around $500 million during the year and the number of funds increased by just two to reach 50.
Following a difficult period, which started in August 2011 when