Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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 www.ucitsindex.com and via the usual vendors.

About 2n20.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

- FG

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style