Monthly Fund Performance Report - April 2018

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
Artemis Strategic Assets
Odey Absolute Return
Majedie Tortoise
City Financial Absolute Equity

For the full report, please download below:

Alternative UCITS Quarterly Report: Q1 2018

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.

Macquarie Absolute Return MBS

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.

KLS Sloane Robinson Emerging Markets

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.