Launches & Closures Hedge Funds

New UCITS hedge funds attract $9.5 billion of assets in 2010


Globally, new UCITS hedge funds showed significant growth both in terms of numbers launched and in assets raised during 2010. Last year may mark the year that the fledgling sector began to come of age. Joy Dunbar, editor of Absolute UCITS, reviews the only annual new fund survey for the UCITS hedge sector.

Optimism underpins the global UCITS hedge industry with $9.5 billion raised from 129 new fund launches last year, according to the first Absolute UCITS annual new fund survey.

This is almost a doubling of the assets raised and funds launched in 2009, when sister publication EuroHedge first began tracking the sector. That year there were 65 new fund launches with combined assets under management of $5.7 billion.

The UCITS hedge industry is still in its infancy and appears to be developing at a similar pace to the European hedge fund industry in its formative years about a decade ago.