Tue, Dec 12, 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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans