Tue, Jul 7, 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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner