Sat, Oct 1, 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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to