Sun, Dec 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index loses -0.26% in May 2011, (0.68% YTD)

Thursday, June 09, 2011
Opalesque Industry Update - The UCITS HFS Index reported a loss of -0.26% in May, a continuation of its rocky theme for this year. After a loss of -0.21% in the first week of trading the broad UCITS HFS Index pulled back +0.12% in week two, but these small gains were nullified in week three with a loss of -0.14%. As week four was rather quiet with a loss of -0.03% and therefore couldn’t turn things around, the UCITS HFS Index now has three negative monthly results this year with losses taken in January, March and May. Of all funds tracked in the broad UCITS HFS Index only 39.56% were positive in May 2011.

From a sub-strategy perspective only three out of the eleven strategies were able to report positive numbers last month: Credit (+0.87%), Arbitrage (+0.66%) and Fixed Income (+0.64%). While the latter lost some of its monthly performance in the last week of May, Arbitrage was positive throughout the month and Credit only lost marginally in the last days of trading. The biggest losers were CTA (-2.19%), Event Driven (-1.11%) and Convertible (- 0.52%), the latter still being the top performing strategy in 2011 (+2.29%). CTA remains the most volatile strategy: already being down -3.25% after the first three weeks of May it pulled back +1.06% in the last week of trading. Event Driven on the other hand reported losses week after week, although most of them were accumulated in the second half of May. The UCITS HFS Index remains negative in 2011 and now stands at -0.68% from a year to date perspective.

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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest