Tue, Dec 1, 2015
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

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. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From Bloomberg.com: David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  3. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From PIonline.com: Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  4. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From Bloomberg.com: It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  5. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul