Thu, Mar 23, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He