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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:

Founded in 2009, the Freienbach-based Swiss 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 AG launched the first index family for hedge funds in UCITS wrapper and acts as index advisor in this regard.


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