Booming investor confidence drove net sales of equity-oriented UCITS funds to a record in November, according to the most recent data from the European Fund and Asset Management Association, as total UCITS/AIF assets reached €15.66 trillion.
Liquid alternatives tracked with the traditional hedge fund brethren in recovering both return and asset momentum last year, according to the latest edition of the Wilshire Liquid Alternatives Industry Monitor, although liquidations still outpaced new launches.
Liquid alternative mutual fund specialist Catalyst Funds has partnered with BNP Paribas to create a new multi-asset risk premia strategy and debuted a new liquid alternative fund that provides exposure to it.
Liquid alternatives continued to broadly outperform their hedge fund brethren in November, according to new data from Wilshire Associates, driven primarily by long-biased equity strategies.
Leda Braga’s quant-driven Systematica Investments hedge fund has launched an UCITS-compliant version of its alternative risk premia strategy backed by $122 million in seed capital from Old Mutual Global Investors.
Liquid alternatives advisor Beachhead Capital Management has appointed NYU Stern professor and global expert on competition Dr. Pankaj Ghemawat to oversee the firm’s research advisory board.
Financial services giant BNY Mellon is reportedly closing the liquid alternative version of its BNY Mellon Absolute Insight fund following a significant redemption from a large shareholder.
Investors allocated capital to liquid alternative strategies at a faster pace in the third quarter, according to the latest edition of the Wilshire Liquid Alternatives Industry Monitor, although fund liquidations outnumbered launches for the second consecutive quarter.
Assets under management in Luxembourg-domiciled funds has crested €4 trillion, a 7.9% increase through the first nine months of this year due mostly to increased net sales, according to new data from the Association of the Luxembourg Fund Industry (ALFI).