Sun, Jul 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index up 0.43% in August 2010 due to solid gains in first three weeks (2.69% YTD)

Tuesday, September 07, 2010
Opalesque Industry Update — After a strong finish at the end of July the momentum in the UCITS hedge fund universe kept going for the first three weeks in August 2010. Despite a drop in the last week of the month the UCITS HFS Index was able to return 0.43% in August 2010.

The broad index returned 0.22%, 0.24% and 0.29% in the first three trading weeks of August respectively before the last days of the month saw the UCITS HFS Index lose -0.33%. This loss in week 4 of August was mainly due to a negative performance of L/S Equity which lost -0.80% and Arbitrage which lost -0.51%.

From a sub-strategy perspective eight out of the eleven strategies returned positive results. Fixed Income (+2.24%), Credit and Multi Strategy (both +1.83%) enjoyed the best run this month in particular, although Multi Strategy was the only strategy in the index returning positive results week after week.

The three negative strategies L/S Equity (-0.49%), Arbitrage (-0.27%) and Convertible (-0.20%) all were positive after the first three weeks of trading. It were the last days of August in which they all took a big hit and therefore turned negative from a monthly perspective. From a year to date perspective the only negative sub-strategy in the index remains CTA (-2.35%) whose returns of +0.17% in August were not enough to turn things around significantly.

The broad UCITS HFS Index now stands at 2.69% year to date.

(press release)


The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than Eur10m of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.

Full performance table: www.ucitsindex.com

Founded in 2009, the Freienbach-based Swiss 2n20.com AG is a financial service provider specialized in internet based services tailored for the hedge fund industry. It operates the first transparent secondary market platform for trading hedge funds, providing all measures necessary to help clients to conduct transactions safe and quickly. Furthermore 2n20.com AG launched the first index family for hedge funds in UCITS wrapper and acts as index advisor in this regard. www.2n20.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner