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Portfolio > Mutual Funds

Alternative Mutual Funds Trickled Onto Market in First Half

By Michael S. Fischer

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Sixteen alternative mutual funds launched in the first half, about 1.5% of all hedge fund rollouts this year, according to a new report from alternatives data provider Preqin.

This appears to be a relatively slow start for the alternative products. Last year, 71 funds appeared on the market, roughly 7% of all hedge fund launches.

Indeed, alternative mutual funds have come on strong in this decade, jumping from 34 launches in 2011 to 54 in 2012 and 56 in 2013.

This year, 33% of the new alternative mutual funds offer equity strategies, down from 39% in 2014, according to Preqin.

Credit strategies make up another third of offerings, a 10-percentage-point increase over last year, while event-driven strategies increased to 13% from 3% in 2013.

Macro strategies, on the other hand, comprise only 7% of new offerings this year, well down from 24% in 2014.

Preqin reports that 72% of alternative mutual funds trade equities, 50% trade debt, and 37% each trade futures contracts and options.

Following are the five biggest alternative mutual funds currently in the market by assets under management, according to Preqin data:

— Check out 10 Phrases to Avoid When Talking About Alt Investments on ThinkAdvisor.

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