Global absolute return UCITS funds treble


• Assets under management in absolute return UCITS reach $90.5 billion (at 31 December 2010) • $9.5 billion raised from 129 new fund launches in 2010 • London the leading centre for alternative UCITS

London, April 6, 2011 - Globally, absolute return UCITS funds are growing exponentially with assets under management trebling during 2010. Assets under management in single-manager absolute return UCITS funds stood at $30.3 billion at the end of 31 December 2009 – and increased by 198% to $90.5 billion at the same point a year later.

The growth of assets under management comes both from hedge fund groups launching onshore products and in funds from the traditional long-only asset managers using absolute return strategies within the UCITS wrapper such as the M&G Optimal Income Fund, the JB BF Absolute Return