Tue, Sep 27, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco