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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.

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