Sun, Feb 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index breaks negative trend, up +0.68% in October 2011

Monday, November 07, 2011
Opalesque Industry Update - After two down months the UCITS HFS Index was able to break the negative trend and gained +0.68% in October 2011. Following two rather tumultuous months in the financial markets the UCITS HFS Index started with a slight weekly loss of -0.12% into the month. Week two and three were quiet on the broad index level as well with modest gains of +0.04% and +0.03% respectively. It were the last days of trading that saw the index move more rapidly (+0.73%), obviously influenced by political decisions taken within the European Union and therefore finishing on a positive note. Of all funds tracked in the broad UCITS HFS Index 65.14% were able to return money in October 2011.

From a sub-strategy perspective eight strategies were able to finish positively in October, the best being Convertible (+1.95%), L/S Equity (+1.91%) and Event Driven (+1.51%). All three of them took losses in the first week of the month, but returned positive results after that from week to week, culminating in a strong finish in the last days of trading. The three strategies that finished in the red were CTA (-2.71%), Currency (-1.49%) and Market Neutral (-0.14%). While the later took a hit in the first week of trading and couldn’t make up for it for the rest of the month, Currency took huge losses in the second and fourth week of trading in particular. CTA collected its losses throughout the whole month, although the second week of October was the worst from an intra-month perspective. Although October reversed the negative trend of the last two months still none of the sub-strategies is positive in 2011. The broad UCITS HFS Index now stands at -4.06% from a year to date perspective.Source

Press Release

bc

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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would