Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index loses -0.29% in January 2011 after promising start

Monday, February 07, 2011
Opalesque Industry Update - After a solid year-end performance the UCITS HFS Index reported a monthly loss for the first time in seven months in January (-0.29%). Things looked differently though after the first week of 2011 as nearly all sub-strategies reported significant gains that led to a performance of +0.97% for the broad index. Things changed however in the second week with losses of -0.23%, mostly due to Fixed Income and Global Macro. As nearly all strategies were negative for the second half of the month, losses grew by -0.71% in week three and -0.31% in week four of January.

From a sub-strategy perspective the top performers were Convertible (+1.38%), Event Driven (+0.48%) and Market Neutral (+0.09%), also being the only strategies to return a positive performance. Thus eight of the eleven sub-strategies were in the red in January, Currency (-1.01%), Fixed Income and CTA (both -0.77%) taking the biggest hits. While the latter already started in the red in the first week of the year, both Currency and Fixed Income were of to a good start, but gave in in the second week of trading already. The biggest sub-strategy L/S Equity also started strongly into 2011 with gains of 1.16%, but after minor losses in week two (-0.15%) took a major hit in the third week of this year (-0.88%). After another negative result in the last week of the month (-0.29%) L/S Equity finished with a loss of -0.16% in January 2011. The broad UCITS HFS Index stands at -0.29% in 2011.

(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...Corporate website:Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t