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.
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. Ä 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.
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