Newcomers to Alt Ucits ratings revealed
Four managers make their debut in Alternative Ucits ratings as the sector faces slowing growth.
Markets
by Emily Blewett on Dec 11, 2012 at 10:29
Four managers gained a Citywire Alternative Ucits rating at the end of November at a time when the sector is going through consolidation.
A total of 33 managers now have a Citywire Alt Ucits rating and the newly rated managers include Anthony Clarke and Alan Hofmeyer who manage the MLIS Marshall Wace TOPS Ucits (Mkt Ntrl) EUR C Acc fund. The managers gained a AA rating for a market neutral strategy which aims to hedge forms of market risk.
According recent data, demand for Alt Ucits funds is slowing as the number of new strategies being launched is in steady decline. Only two of the thirteen overall strategies included in the Alt Ucits universe experienced inflows in the third quarter of this year and these were market neutral and managed future funds.
Giuseppe Di Stefano who manages the Alessia Absolute Return Macro R obtained an A rating for his global macro strategy as did GAM's Gifford Combs, who manages a long/short equity strategy through the GAM Star Global Selector EUR Acc .
As Roberto Cantaluppi of Arkos has lost his AAA rating due to underperformance on his World Invest - Absolute Financials fund, Giles Lenoir and César Zeitouni of Exane regained their A-rating for the Exane Funds 1 - Archimedes A fund.
In other moves, these managers went to a AAA rating from AA:
These managers went to a AA rating from A:
At the end of the third quarter this year, the Alternative Ucits sector had €84.7 billion in assets under management.
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More about this:
Look up the funds
- MLIS Marshall Wace Tops UCITS Mkts Neutral USD C
- Alessia Absolute Return Macro R
- GAM Star Global Selector EUR Acc
- Exane Funds 1 - Archimedes A USD
- World Invest - Absolute Financials C
- Schroder ISF Asian Tot Ret EUR Hdg A Acc
- OFI Palmares Alpha Drive XL
- Goodhart Partners Horizon Target Ret A EUR
- Pictet-Absolute Return Glo Diversified-P EUR
- CF Eclectica Absolute Macro A EUR Acc
- Exane Funds 1 - Ceres A
- Schroder GAIA Egerton Equity A Acc EUR
Look up the fund managers
- Anthony Clark
- Giuseppe Di Stefano
- Giles Lenoir
- César Zeitouni
- Roberto Cantaluppi
- Lee King Fuei
- Ben Fox
- Robin Parbrook
- Frédéric Cohen
- Hugh Hendry
- John Armitage
- Rafael Matamoros
- Charles-Henri Neme
More from us
- EM corporates will rival US HY, says Alt Ucits manager
- ALT UCITS Retreat Presentations
- Event horizons: top Alt Ucits managers revealed
- Growth of Alt Ucits funds universe slows in Q3
- Marked increase of Alt Ucits fund closures in 2012
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