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UCITS HFS Index recovers again, up 0.52% in September (1.27% YTD)

Monday, October 14, 2013
Opalesque Industry Update - After mixed results in the second half of the year the UCITS HFS Index reports gains of 0.52% in September 2013. The broad index started positively into the month with modest gains of 0.09% in the first week of trading. The best weekly result came in the second week of September with profits of 0.49%. As the third week of the month brought additional gains of 0.18% the performance drop in the last week of trading (-0.25%) did not change the positive monthly result. From all funds tracked in the UCITS HFS Index 67.39% reported profits in September 2013.

From a sub-strategy perspective nine of the twelve sub-strategies reported positive results in September, the best performing being L/S Equity (1.28%), Convertible (1.16%) and Event Driven (0.81%). While the later performed strongly in the first half of the month and took some losses in the second half, L/S Equity and Commodity both did well for the first three weeks and only took some losses in the last week of trading. Only two strategies were in the red in September: Commodity (-1.14%) and CTA (-0.08%). While Commodity added losses week by week, CTA had a very positive first half of the month only to see all profits vanish in the second half of September, just turning negative at the last day of trading. Four strategies remain negative in 2013 with Commodity still leading the field (-3.56%). From a year to date perspective the broad UCITS HFS Index now stands at 1.79% in 2013.

About the UCITS HFS Index
The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.

The indices are calculated on every Friday and at the end of each month by the index provider AG and are published on the website


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