Alternative UCITS Funds

Transcription

1 Alternative UCITS Funds 3rd Quarter 2013 Update

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3 Single manager Alternative UCITS Strategy classification Volatility Trading Index Fixed income Index Active Currency Index Credit Long/ Short Index Emerging Markets Index Relative Value Index Multi strategy Index MA- EURIZON Ucits Alternative Global Index Equity Market Neutral Index Event Driven Index Managed Futures Index For definitions, please go to Long/ Short Equity Index GTAA Index Global Macro Index

4 3 rd quarter 2013: TAKE AWAYS Alternative UCITS market data 109 Euro billion of total assets under management monitored at end of September 2013, up from Euro billion at end of 2Q 2013, 504 funds; 106 Euro billion are managed by Single managers, 3.2 Euro billion by Fund of funds; 18.8% of the assets are managed by Hedge fund boutiques (up 0.5% compared to end of 2Q2013) 81.2% of the assets are managed by Global asset managers; Fixed income (29.6 Euro billion), Long/short equity (15.1 Euro billion) and Equity market neutral (9.6 Euro billion) are the top three strategies by assets managed; 10 new alternative UCITS funds were launched, 23 were liquidated. 26 Asset managers with more than 1 Euro billion in alternative UCITS funds assets represent the 71.6% of the industry. Source: MondoAlternative.

5 3 rd quarter 2013: TAKE AWAYS Alternative UCITS flows Alternative UCITS inflows in 3Q 2013: +3.2 Euro billion, Single managers; +93 Euro million, Fund of funds; +1.1 Euro million for hedge fund boutiques, +2.2 Euro billion for global asset managers; +2.7 Euro billion daily funds, +513 Euro million weekly funds, +73 Euro million fortnightly funds; Long/short equity and Equity market neutral strategies are responsible for the growth of the sector: +2.3 Euro billion and +986 Euro millions of inflows in 3Q 2013 Alternative UCITS performance +0.94% performance (Equal Weighted Index) in 3Q 2013 for single managers (+0.44% Asset weighted Index), YTD performance at +1.74% (Equal Weighted Index),during the same period 3 months Libor performed +0.04%; +1.46% performance (Equal Weighted Index) in 3Q 2013 for funds of funds, +1.32% (Asset weighted Index); 66.5% of the single manager funds performed positively over the 3rd quarter Source: MondoAlternative.

6 ALTERNATIVE UCITS PERFORMANCE REVIEW

7 Single manager Alternative UCITS: Quarterly performance MA-EURIZON Ucits Alternative Global Index Equal Weighted Index 1Q 2Q 3Q 4Q YTD % 1.89% 0.45% 0.81% 4.77% % 1.08% -1.77% -0.16% -2.14% % 3.18% 3.18% 0.60% 8.33% % -1.03% 1.52% 1.69% 3.79% % -0.87% -3.43% 0.11% -4.10% % -1.71% 1.31% 0.67% 2.45% % -0.64% 0.94% 1.74% MA-EURIZON Ucits Alternative Global Index Asset Weighted Index 1Q 2Q 3Q 4Q YTD % -0.74% -2.43% 0.60% -2.78% % -0.88% 1.19% 0.45% 2.70% % -0.95% 0.44% 0.60% Source: / collaboration Eurizon Capital Sgr

8 Fund of Alternative UCITS funds: Quarterly performance MA-EURIZON Ucits Alternative Fund of Funds Index Equal Weighted Index 1Q 2Q 3Q 4Q YTD % 1.45% -5.98% -4.06% -6.19% % 0.63% 0.81% -0.38% 2.20% % -1.81% 0.83% 1.50% 1.67% % -1.07% -3.16% -0.51% -5.10% % -1.72% 0.85% 0.62% 1.64% % -0.96% 1.46% 2.68% MA-EURIZON Ucits Alternative Fund of Funds Index Asset Weighted Index 1Q 2Q 3Q 4Q YTD % -0.89% -2.38% -0.53% -4.07% % -1.31% 0.62% 0.47% 1.68% % -1.18% 1.32% 2.15% Source: / collaboration Eurizon Capital Sgr

9 Single manager Alternative UCITS: Quarterly and 2013 performance (Equal weighted Indices) Long/short equity Event Driven Emerging Markets Gtaa Credit Long/short Relative Value Fixed Income Equity Market Neutral Multistrategy Macro Active currency Volatility Trading -5.18% Managed Futures -4.14% -0.80% -0.12% -1.51% -1.39% -1.92% -1.75% -1.99% 2.25% 3.48% 1.37% 1.28% 0.38% 1.10% 2.11% 1.02% 2.44% 0.66% 1.15% 0.60% 1.85% 0.17% 0.53% 3.24% 8.11% -6.00% -4.00% -2.00% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 3Q YTD Source: / collaboration Eurizon Capital Sgr Please visit for a full performance review

10 Single manager Alternative UCITS: Quarterly and 2013 performance (Asset weighted Indices) 2.99% Long/short equity 1.67% Gtaa -0.99% 8.91% Event Driven 1.47% 3.26% Relative Value 1.25% 3.66% Credit Long/short 0.90% 1.36% Equity Market Neutral 0.65% 2.89% Fixed Income -0.15% 0.42% Multistrategy -0.27% 2.37% Emerging Markets -2.78% -0.61% Macro -3.39% -0.93% Managed Futures -4.35% -1.43% Active currency -2.07% -1.80% Volatility Trading -5.77% -2.23% -8.00% -6.00% -4.00% -2.00% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 3Q YTD Source: / collaboration Eurizon Capital Sgr Please visit for a full performance review

11 ALTERNATIVE UCITS MARKET DATA

12 Alternative UCITS funds: Assets under management Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Data in Euro billion. Source: MondoAlternative.

13 Alternative UCITS funds: number of funds Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Mar-13 Jun-13 Sep-13 Source: MondoAlternative.

14 Single manager Alternative UCITS funds: Assets and flows Dec-2010 Q Q Q Q Q Q Q Q Q Q Q Total assets Net f lows* Data in Euro billion. *estimated data. Source: MondoAlternative.

15 Funds of Alternative UCITS funds: Assets and flows Dec-2010 Q Q Q Q Q Q Q Q Q Q Q Net flows* Total assets Data in Euro billion. * estimated data. Source: MondoAlternative.

16 Single manager Alternative UCITS: Assets by strategy (end of September 2013) Fixed Income Long/short equity Equity Market Neutral Multistrategy Credit Long/short Macro Managed Futures Emerging Markets Volatility Trading Gtaa Relative Value Arbitrage Event Driven Insurance linked securities Active currency Alternative Beta 9.1% 8.6% 6.6% 6.1% 4.4% 4.3% 4.2% 4.0% 3.5% 3.0% 1.3% 0.9% 0.2% 15.3% 28.6% Source: MondoAlternative.

17 Single manager Alternative UCITS: flows* by strategy 3Q 2013 Long/short equity 2,295 Equity Market Neutral 986 Credit Long/short 561 Event Driven Gtaa Multistrategy Relative Value Arbitrage Insurance linked securities 121 Fixed Income 42 Alternative Beta Managed Futures Emerging Markets Active currency Macro -458 Volatility Trading ,500-1, ,000 1,500 2,000 2,500 *estimated data in Euro million. Source: MondoAlternative.

18 Alternative single manager UCITS funds: type of managers (September 2013, by assets managed) Hedge fund boutique 18.8% Global asset manager 81.2% Source: MondoAlternative. A global asset manager is defined as a company managing hedge funds and other types of investments; a hedge fund boutique is a company managing exclusilvely hedge fund strategies.

19 Single manager Alternative UCITS funds: 3Q 2013 flows* by type of manager Global asset manager 2,186 Hedge f und boutique 1,059 * Estimated data in Euro million. A global asset manager is defined as a company managing hedge funds and other types of investments; a hedge fund boutique is a company managing exclusilvely hedge fund strategies. Source: MondoAlternative.

20 Alternative UCITS Funds liquidity terms (end of September) By assets managed By number of funds Weekly 18.6% Fortnightly 0.9% Fortnightly 1.4% Weekly 28.6% Daily 80.4% Daily 70.0% Source: MondoAlternative.

21 Single manager Alternative UCITS: flows* by funds liquidity in 3Q 2013 Daily 2,658 Weekly 514 Fortnightly 73 * Estimated data in Euro million. Source: MondoAlternative.

22 Distribution of Industry Assets by Fund AUM (September 2013) By assets managed By number of funds 5.1% 4.4% > 2.5 Euro billion 0.8% 3.8% 4.4% > 2.5 Euro billion 13.3% 24.2% 1 to 2,5 Euro billion 500 million to 1 billion Euro 250 to 500 Euro million 46.2% 10.4% 1 to 2,5 Euro billion 500 million to 1 billion Euro 250 to 500 Euro million 17.1% 23.6% 100 to 250 Euro million 50 to 100 Euro million 18.8% 100 to 250 Euro million 50 to 100 Euro million 12.2% up to 50 Euro million 15.6% up to 50 Euro million Source: MondoAlternative.

23 Alternative UCITS funds: launches and liquidations Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 3Q Q 2013 Launches Liquidations Source: MondoAlternative.

24 New launches and liquidations by strategy in 3Q 2013 Active currency Alternative beta Credit long/short Emerging Markets Equity Market Neutral Fixed income Fund of funds Gtaa Long/short equity Macro Managed futures Multistrategy Relative Value Arbitrage 1 Liquidations Launches Source: MondoAlternative.

25 Funds domicile (end of September 2013) Luxembourg Ireland France Great Britain Austria Germany Italy Lietchenstein Spain 6.0% 6.6% 3.8% 0.9% 2.2% 1.3% 1.8% 0.8% 1.6% 0.0% 0.4% 0.1% 0.4% 12.3% 26.9% 23.4% 57.4% 54.2% by assets by number Source: MondoAlternative.

26 Asset manager domicile (end of September 2013) Great Britain Switzerland U.S.A. France Germany Italy Sweden Austria Luxembourg Spain Others 4.7% 5.8% 3.6% 1.1% 1.4% 0.9% 2.6% 0.8% 3.6% 0.2% 1.6% 0.3% 1.6% 8.1% 10.7% 11.4% 14.7% 15.8% 19.6% 18.7% 31.3% 41.7% by assets by number Source: MondoAlternative.

27 MondoAlternative MondoAlternative MondoAlternative, who has born from the ten-year experience of MondoHedge, is the first and only Italian multimedia provider of financial information entirely dedicated to alternative investments. Today MondoAlternative online and offline services ranges from Hedge funds to Real estate, Private equity and Commodities, thus embracing all the alternative investments segment. MondoAlternative offers the following services on its website - access to a Database with reports of quantitative and qualitative analysis for all the Italian hedge funds, more than offshore hedge funds, investible indices and alternative UCITS funds; - indices of the Italian FOHFs and of the alternative UCITS funds made in collaboration with Eurizon Capital; - news about Hedge funds to Real estate, Private equity and Commodities. The editorial products are the monthly magazine MondoAlternative in Italian and the quarterly magazine MondoAlternative in English version, plus periodical dossiers about specific topics. Contact: Tel info@mondoalternative.com