Wed, Jun 20, 2018
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. Lyxor recommends stockpicking strategies, L/S equity hedge funds well equipped for turbulent markets[more]

    Matthias Knab, Opalesque: Market developments in May saw some trend reversals across the fixed income and commodity space. On the one hand, the unfolding of the Italian political crisis coincided with a rebound of U.S. Treasuries during the second half of May. On the other hand, the rising likeli

  2. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  3. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  4. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  5. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a