Newcomers to Alt Ucits ratings revealed

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Four managers gained a Citywire Alternative Ucits rating at the end of November at a time when the sector is going through consolidation.

A total of 33 managers now have a Citywire Alt Ucits rating and the newly rated managers include Anthony Clarke and Alan Hofmeyer who manage the MLIS Marshall Wace TOPS Ucits (Mkt Ntrl) EUR C Acc fund. The managers gained a AA rating for a market neutral strategy which aims to hedge forms of market risk.

According recent data, demand for Alt Ucits funds is slowing as the number of new strategies being launched is in steady decline. Only two of the thirteen overall strategies included in the Alt Ucits universe experienced inflows in the third quarter of this year and these were market neutral and managed future funds.

Giuseppe Di Stefano who manages the Alessia Absolute Return Macro R obtained an A rating for his global macro strategy as did GAM's Gifford Combs, who manages a long/short equity strategy through the GAM Star Global Selector EUR Acc.

As Roberto Cantaluppi of Arkos has lost his AAA rating due to underperformance on his World Invest - Absolute Financials fund, Giles Lenoir and César Zeitouni of Exane regained their A-rating for the Exane Funds 1 - Archimedes A USDExane Funds 1 - Archimedes A fund.

In other moves, these managers went to a AAA rating from AA:

These managers went to a AA rating from A:

At the end of the third quarter this year, the Alternative Ucits sector had €84.7 billion in assets under management.