Results are in: hedge funds vs Alternative Ucits

FRANCE: Alternative Ucits are outperforming hedge fund equivalents in a majority of sectors according to new data presented at the Citywire Global France Retreat in Chantilly on Thursday.

In eight out of thirteen sectors, Alternative Ucits funds have outperformed hedge funds in the past year.

Long/short equity Ucits were the top performers but still lost 3.74% in the last twelve months compared with a loss of 6% from the average hedge fund equivalent.

The worst performance within Alternative Ucits equity came from the emerging markets (incl. Asia) sector which lost 14.65% over the past year compared with an average of -5.2% by hedge funds.

According to data presented by Jonathan Miller, Citywire's head of research, Alternative Ucits long/short equity has seen the largest inflows since September 2010 when there was a total of 87 funds operating in the sector.

By the end of December 2011, a total of 538 Alternative Ucits funds had been launched, 135 of which were long/short funds.