Net sales of alternative investment funds, which comprise hedge funds, private equity funds, real estate funds and other less liquid investment funds, increased from €148bn in 2015 to €184bn in 2016.
Though Ucits funds attracted €91bn more money than their AIF-counterparts, net sales halved compared to 2015, Efama reported. The fall in Ucits sales was due to a strong decrease in appetite for multi-asset funds and (European) equity funds.
The popularity of hedge funds in Europe stands in strong contrast with the situation in the rest of the world: globally, hedge funds recorded their largest net outflows since 2009 last year, according to a recent report by Hedge Fund Resesarch.
