There is a large and growing universe of UCITS funds targeting absolute returns. We want to help investors understand this universe better, and enable proper comparisons between different funds.

Access is free but is restricted to Professional Investors only.

After a challenging 2018 for many alternative strategies, one cohort of managers that were able to buck this trend were those employing Merger Arbitrage strategies. This fact has not gone unnoticed by the market with Event Driven strategies proving popular with investors during the first half of 2019. To help create a better top down view of the strategy, we have developed a two-stage framework to better classify and understand these funds. In this research note we review the Event Driven space in its entirety, including a full review of performance, flows, and individual managers while giving an outlook for the strategy going forward.

Our monthly performance report highlights the ten best and worst performing funds in each strategy, both for the prior month and the year to date. Featured funds this month include:

Our monthly performance report highlights the ten best and worst performing funds in each strategy, both for the prior month and the year to date. Featured funds this month include:

After a year to forget, 2019 has started in a much more positive vein, with the AH Global UCITS Index up 2.2% during the first quarter. Despite some strong patches, overall AUM has declined to 249.5bn, down on the previous quarter (-3.9% from 259.5bn). Macro funds saw a significant drop in overall AUM, with several of the large multi-asset macro funds witnessing the largest outflows. Having endured a challenging period, the alternative UCITS space has bounced back strongly and remains in good health. We continue to identify strong demand from both allocators and managers for UCITS vehicles and also identify a strong pipeline of new launches which should be entering the space over the coming months.

Frankfurt – Forum Liquid Alternatives & Absolute Return

Kepler Global Alternative UCITS Conference – April 9th 2019

Kepler Equity L/S UCITS Conference – February 6th 2019

Kepler Macro / Quant UCITS Conference – November 8th 2018

© Copyright 2010-2019 Kepler Partners LLP. Authorised and regulated by the Financial Conduct Authority. All rights reserved.

Please read ourPrivacy Policy,Terms and Conditionsand importantDisclaimers. Data provided by Financial Express and Morningstar.