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UCITS HFS Index up 0.39% in September 2010 (+3.05% YTD)

Thursday, October 07, 2010
Opalesque Industry Update - Just like in August the UCITS HFS Index returned +0.39% in September and therefore continues its steady rise for the third month in a row. This result stems from a strong performance in the first week of trading (+0.57%). While week two saw the broad index drop by -0.16%, week three (0.00%) and four (-0.02%) nearly didn’t change the monthly outcome. Although Credit and Fixed Income took severe losses in the second half of the month CTA and Convertible outweighed these successfully, therefore making it look like the broad index didn’t move.

From a sub-strategy perspective the best performing strategies were Convertible (+3.16%), CTA (+2.04%) and L/S Equity (+1.30%). While the latter made most of its gains in the first week of September, Convertible performed incredibly well week after week. CTA on the other hand was negative by -0.72% after the first two weeks of trading before starting its remarkable comeback. The worst performing strategies were Fixed Income (-1.74%), Credit (-1.67%) and Global Macro (-1.21%). Although all of them started positive into the month none of them was able to return positive results thereafter except Global Macro who had a minor profit in week three of September. From a year to date perspective the UCITS HFS Index now stands at +3.05% for 2010.

(press release)

About the UCITS HFS Index
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 10 Mio. € 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.

The indices are calculated on every 5th, 10th and 15th business day and at the end of each month by the index calculator Structured Solutions AG. The results are published on the website and via the usual vendors.

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.

- FG

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