Worldwide assets in absolute-return Ucits funds have increased by 151 percent to $115.7 billion, Opalesque reports. Some 58 new funds were rolled out in the first six months of this year, generating more than $3 billion.
Absolute return Ucits now comprise a quarter of the $438 billion more mature European hedge fund industry. The U.K. continues to be the center of this sector with 50 percent of the industry assets under management being handled by London-based firms.
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