The Cyprus Securities and Exchange Commission (CySEC) published its quarterly statistics bulletin for the third quarter of 2024 for the collective investments sector, reporting 323 supervised management companies and undertakings of collective investments (UCIs). Total assets under management (AUM) stood at EUR 9.1bn, down 2.43% from the second quarter of 2024 but up 6.08% year on year, with UCIs managed by management companies reporting a net asset value of EUR 8.7bn. The supervised population comprised 222 externally managed UCIs, 33 internally managed UCIs and 68 external fund managers, with management companies including 44 alternative investment fund managers (AIFMs), 49 sub-threshold AIFMs, three UCITS management companies and five dual-licensed entities. AUM was split across managers as 59% managed by AIFMs, 18% by dual-licensed AIFMs and UCITS management companies, 11% by sub-threshold AIFMs, 11% by UCITS management companies and 1% by regulated UCIs managed by foreign fund managers. UCITS portfolios were mainly invested in transferable securities (89.7%), while for AIFs, AIFLNPs and RAIFs the largest reported exposures were private equity (33.1%) and real estate (12.7%). Of 221 UCIs with operations, 199 domiciled in Cyprus held 75.2% of total AUM; 166 UCIs invested partially or entirely in Cyprus, amounting to EUR 2.6bn (28.12% of AUM), predominantly in private equity (67.7%) and real estate (14.3%). The bulletin also reports investor composition (UCITS unitholders 99.1% retail; AIFs/AIFNLPs/RAIFs largely well-informed investors at 67.9%) and sector allocations including shipping (EUR 722.1m) and energy (EUR 505.9m).

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