Industry Updates

UCITS HFS Index gains +0.60% in December, finishes 2010 with +5.05%

Monday, January 10, 2011

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Opalesque Industry Update - The UCITS HFS Index reported a positive performance for the sixth month in a row and returned +0.60% in December. The broad index started slightly positive into the month with a first week return of +0.17%. Although the second week of trading saw the index drop by a fraction of -0.06%, the third week of trading added most of the December performance (+0.34%) as all sub-strategies were positive. With in particular strong performances by CTA and Event Driven additional gains of +0.15% were added in the last days of December.

From a sub-strategy perspective the top performers last month were CTA (+2.99%), Convertible (+1.94%) and Event Driven (+1.77%). This means that CTA, although struggling most of 2010 (November in particular) still manages to finish 2010 with a positive yearly performance of +1.96%. The worst performing strategies in December were Currency (-1.68%), Credit (-1.13%) and Fixed Income (0.78%), the first taking most of its losses at the beginning and the end of the month. Although the first half of the year brought mixed results for the UCITS HFS Index with significant losses in May and June things turned around in July. Although some weeks still brought notable losses the UCITS HFS Index was positive from a monthly perspective for the last six months and therefore finishes 2010 on a high with a yearly performance of +5.05%.

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.

- FG

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