Sat, Apr 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index finishes year on a high, up +0.27% in December 2013

Thursday, January 23, 2014
Opalesque Industry Update - The UCITS HFS Index continues in the same vain as in November and reports gains of 0.27% again for December 2013. The broad index started negatively into the month with losses of -0.29% in week one. The second week of December brought additional losses of -0.14%. Things turned around in the second half of the month though: the UCITS HFS Index gained 0.37% and 0.33% in week three and four respectively to see the UCITS HFS Index finish the year on a high. Of all funds tracked 65.00% reported profits in December 2013.

From a sub-strategy perspective ten of the twelve sub-strategies reported positive results in December, the best performing being L/S Equity (0.76%), Event Driven (0.74%) as well as Global Macro and Convertible (both 0.46%). All four strategies experienced losses in the first half of the month, but were able to realise profits in the second half that outweighed the losses by far. The two strategies in the red were Arbitrage (-0.26%) and Fixed Income (-0.17%). While the latter took losses in week one and four that were bigger than its mid-month gains, Arbitrage was struggling primarily in the first half of December and could not add any meaningful gains in the second half of the month. Commodity finishes 2013 as the worst performing strategy (-4.15%), but both Fixed Income (-1.03%) and Arbitrage (-0.93) stay in the red as well due to a weak year-end performance. The UCITS HFS Index finishes 2013 on a high with a performance of +3.29% for the year.

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.
km

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n