Tue, Dec 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index not able to profit from market upswing, -0.76% in November (-4.78% YTD)

Wednesday, December 07, 2011
Opalesque Industry Update — After a positive performance in October the UCITS HFS Index continued its poor performance this year with a loss of -0.76% in November 2011. The month started on a negative note already, posting a loss of -0.11% in week one. Things didn’t change much in week two and three with losses of -0.11% and -0.04% respectively, but it was week four which had a massive impact on the November performance with a loss of -0.69%. Although equity markets rallied in the last three days of November, the funds tracked in the broad index could not capitalize on this significantly, only reeling in a profit of +0.21% during that time.

From a sub-strategy perspective only one out of the eleven strategies was able to report positive returns in November: Currency (+0.55%). Interestingly enough it was positive throughout the month, only losing money during the end of November market rally. The only other strategy coming close to a positive performance was Arbitrage with a loss of -0.01%, nearly finishing in the green due to the last days of trading.

The worst performing strategies were Convertible (-2.33%), L/S Equity (-1.55%) and CTA (-0.89%). The later started positively into the month, turning negative in the last days of trading. L/S Equity on the other hand was negative throughout, losing -1.46% alone in week four. Therefore gains of +0.79% due to the market rally were not enough to turn things around. With another negative monthly performance of ten out of the eleven sub-strategies still none of them is positive in 2011. The broad UCITS HFS Index now stands at -4.80% from a year to date perspective.

(press release)

Full performance table: Source

BG

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released