Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

The Alt Ucits funds attracting the most money in 2016

Did Gars gather all the new money? Was Nordea the most name-checked once again? Read on to find out who tops the flows table.

Overview

In the Global (ex US) peer group, the Alternative Ucits sectors taking in the most estimated net flows over the past year months are Multi Strategy, which accrued estimated net flows of €11.65 billion across all funds. This was followed by the Volatility Trading sector, which took in estimated net flows of €2.9 billion from January–December 2016.

Investors, however, were moving out of Long/Short Equity, which saw estimated net outflows of €0.6 billion, while the biggest loss came in the Alternative Ucits – Bond Strategies sector, which saw huge outflows of € 5.22 billion over the calendar year.

But who was coming up trumps at an individual level? In this gallery, Citywire Investment Research runs the rule over the managers who have gained the most flows in Alternative Ucits in 2016.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

3. James, Pizer, Walsh and Fitzgerald, Aviva Investors

In third position are Aviva Investors’ Daniel James, Ian Pizer, Brendan Walsh and Peter Fitzgerald, who co-manage the Aviva Investors Multi-Strategy Target Return fund which lies in the Multi Strategy sector. The fund was launched in July 2014 and has had a steady stream of inflows since launch.

The fund strategy-allocation approach targets cash plus 5% over a three-year-rolling period with less than half the volatility of equities. The managers concentrate on three elements when investing: market strategies; opportunistic strategies; and risk-reducing strategies; which aim to add returns in times of market stress.

Over the past year, the Aviva Investors Multi-Strategy Target Return A EUR share-class lost 0.33% in euro terms. In comparison, the average manager in the Alternative Ucits – Multi Strategy sector returned 0.92%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

2. David Millar, David Jubb and Richard Batty, Invesco

In second positon are co-managers David Millar, David Jubb and Richard Batty, who run the Invesco Global Targeted Returns fund. Over the past year they attracted net inflows of €3.04 billion. Over the past year, the trio returned 1.55% against the average manager in the sector, who returned 0.92% in euro terms.

During the last quarter of 2016, the managers added a new inflation idea to reflect growing inflation expectations in the US. They also closed their consumer staples versus discretionary equity idea in the US. This was already under review as it was approaching their return target and had been useful in falling markets previously.

However, performance reversed sharply following Donald Trump’s victory, as they did not believe it would offer the same diversification going forward. They also closed their position on preferring the Norwegian krone to the British pound, which had performed well year-to-date due to the recovery in the oil price and Brexit-related sterling weakness.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

1. Elliot, Sheikh and Shah, JPM

The managers attracting the most net inflows into their fund in the Alternative Ucits asset class are James Elliot, Talib Sheikh and Shrenick Shah of JP Morgan AM. They co-manage the JPM Global Macro Opportunities fund, which attracted net inflows of €4.57 billion in 2016.

At the end of December they held 69.5% in physical equites and 15.1% in physical bonds. Within their derivative positions they had -8.8% in equity futures, -15.6% in equity options and -22.9% in bond futures. In terms of themes, they are bullish on gradual growth recovery in Europe with 30% invested in this area and 16.4% in the US economic strength.

The JPM Global Macro Opportunities A Acc EUR share class of the fund posted losses of 5.47% over the past year, while the average manager in the Multi Strategy sector returned 0.92% in euro terms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Daniel James
Daniel James
30/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 4.64%
Ian Pizer
Ian Pizer
39/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 3.45%
Brendan Walsh
Brendan Walsh
84/109 in Alternative UCITS - Multi Strategy (Performance over 1 year) Average Total Return: -0.31%
Peter Fitzgerald
Peter Fitzgerald
31/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 4.64%
David Millar
David Millar
22/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 6.61%
David Jubb
David Jubb
23/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 6.61%
Richard Batty
Richard Batty
24/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 6.61%
James Elliot
James Elliot
3/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 24.29%
Talib Sheikh
Talib Sheikh
4/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 24.29%
Shrenick Shah
Shrenick Shah
5/62 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 24.29%
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015