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UCITS HFS Index gains +0.40% in February 2011 due to strong start

Thursday, March 03, 2011
Opalesque Industry Update - After the loss taken in January the UCITS HFS Index reported positive numbers again for February 2011. This was due to a very strong start into the month, as after the first week of trading the broad index was up +0.75% already. Things slowed down after that with most sub-strategies being nearly flat in week two resulting in gains of +0.03% only. Although week three saw more movement the result of the broad index was a rather moderate +0.13%. It were the political uncertainties in week four though that mixed up things, but the loss of -0.52% was still not dramatic enough to turn the UCITS HFS Index negative from a monthly perspective.

From a sub-strategy perspective the top performers were Convertible (+1.40%), Multi Strategy (+1.09%), Credit and CTA (both +0.78%). Out of the eleven sub-strategies only two returned negative results: Currency lost -0.10% and Arbitrage -0.03%. While the former only turned negative in the last week of trading the latter was negative the first three weeks in February and was the only strategy to return a positive result in the last week of February. From all funds tracked in the broad UCITS HFS Index 70.09% were positive this month. Although 2011 is still young it looks like it could be a good year for Convertible which accumulated +2.80% in 2011 so far. The broad UCITS HFS Index now stands at +0.11% year to date.

(press release)

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