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:
BSF Emerging Markets Absolute Return
For the full report, please download below:
The number of funds tracked on our Alternative UCITS database has grown slightly again in the first quarter of 2018, now numbering 594 funds in total. Combined AuM for these funds now stands at £283.5 billion, however the median is still relatively small, at £93 million.
There were 15 new launches tracked over the quarter, with the largest new launch being the Graham Macro UCITS, which raised £306 million in its first two months.
An absolute return fixed income fund that uses Agency MBS with the aim of delivering a consistent return profile of LIBOR +3%. Agency MBS have a number of attractive characteristics that the team at Macquarie believe can be exploited to generate absolute returns. Since the strategy went live in 2007 it has annualised at 5.6% gross, generated strong risk adjusted return (gross Sharpe of 1.9), while experiencing a maximum drawdown of just 3.4%. The UCITS vehicle launched in December 2017.
A concentrated, benchmark agnostic emerging markets equity long short strategy (long biased), run by Chief Investment Officer Ed Butchart and Co-PM CJ Morrell. Fundamental stock analysis underpins a clearly defined investment process, with macro analysis used to identify potential tailwinds and risks. Since inception of the strategy (offshore), returns have been strong, outperforming the MSCI Emerging Markets index with significantly lower volatility.
Monthly Fund Performance Report - April 2018
Alternative UCITS Quarterly Report: Q1 2018
Macquarie Absolute Return MBS
KLS Sloane Robinson Emerging Markets
AH UCITS Index
|AH Global Index||0.20||0.4||-0.4||1.7||3.6|
|AH Credit Index||0.03||-0.3||-0.2||0.5||1.5|
|AH Equity Long / Short Index||0.40||0.9||0.6||4.6||6.9|
|AH Event Driven Index||-0.21||0.8||-1.1||-1.3||1.5|
|AH FX Index||-0.93||2.1||-2.2||-5.1||-3.8|
|AH Macro Index||0.36||-0.6||0.1||1.1||1.7|
|AH Managed Futures Index||-0.42||0.9||-3.2||-0.5||2.6|
|AH Market Neutral Index||0.06||0.3||0.2||0.4||1.4|
|AH Multi Asset Index||0.98||0.6||-0.9||2.5||6.2|