Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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)

Source kb

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner