Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

UCITS HFS Index bounces back, up 0.75% in July

Friday, August 19, 2016

Komfie Manalo, Opalesque Asia:

The UCITS HFS Index has bounced back in July with gains of 0.75% after a drawdown in June due to the market turmoil that surrounded the Brexit vote. The broad index started strongly into the month with a positive performance of 0.32% after the first full week of trading. Keeping the pace, week two brought along additional gains of 0.30%, said Pfaeffikon-based Swiss financial service provider 2n20.com AG.

Although the UCITS HFS Index slowed down in the second half of the month, week three and four still saw the index rise 0.11% and 0.03%, respectively. Of all funds tracked, 76.23% reported gains in July 2016.

From a sub-strategy perspective, ten of the 12 strategies reported positive results in July, the top performers being L/S equity (1.36%), global macro (1.17%) and credit (1.03%). While the latter added gains week by week evenly distributed, global macro had to take a loss in the last week of trading. Together with L/S equity it showed a strong performance in week two in particular, though. The two strategies in the red in July are currency (-0.18%) and arbitrage (-0.08%). While the latter’s performance was flat in the last week and only positive in the first full week of trading, currency reported only negative weekly results except for week one.

The report said that at least seven strategies remain negative for 2016, the worst performer still being global macro (-2.60%). The best pe......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1