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Geneva advisory firm NARA Capital launches series of indices tracking almost 400 UCITS hedge funds and FoFs managing Eur63bn+

Tuesday, February 23, 2010
Opalesque Industry Update - NARA Capital, a leading alternative advisory and consultancy service provider based in Geneva, Switzerland, announces today that it will start to release its UCITS Alternative Index® to the public.

The series of indices aims to track the performance UCITS hedge funds and funds of funds.

The following indices are calculated:

UCITS Alternative Index® Global
UCITS Alternative Index® Fund of Funds
UCITS Alternative Index® Long/Short Equity
UCITS Alternative Index® Equity Market Neutral
UCITS Alternative Index® Fixed Income
UCITS Alternative Index® CTA
UCITS Alternative Index® Macro
UCITS Alternative Index® Event Driven
UCITS Alternative Index® Commodities
UCITS Alternative Index® FX
UCITS Alternative Index® Multi-Strategy

The UCITS Alternative Index® series are equally weighted. The performance for any particular month will accessible on the UCITS Alternative Index® website www.ucits-alternative.com generally on the 5th business day of the following month. The inception date of the index is 1st January 2008.

Louis Zanolin, Partner at NARA Capital said, ”NARA has been tracking the emergence of UCITS hedge funds for more than two years and has constructed and developed what is probably the most comprehensive database of that universe. The trend for more regulated and liquid alternative strategies will increase the demand for UCITS alternative funds over the coming year, so will the need for independent comparative tools. We have therefore decided to publicly release the index performance.”

As of February 2009 the UCITS Alternative Index® was tracking close to 400 UCITS hedge funds and funds of hedge funds totaling more than 63 billion EUR assets under management. Only funds pursuing hedge fund like strategies are taken into account for the index calculation. Absolute return funds with no shorting capabilities as well as 130/30 and passive hedge funds index UCITS funds are excluded from the index.

In 2009, the UCITS Alternative Index® Global returned +9.27% while the UCITS Alternative Index® Fund of Funds returned + 1.64%.

With +34.68%, the UCITS Alternative Index® Emerging Markets was the best performing strategy in 2009. It was followed by the UCITS Alternative Index® Fixed Income which returned +11.83%. The least performing index in 2009 was the UCITS Alternative Index® Equity Market Neutral with a -0.57%.

At the end of January 2010, Macro hedge funds represented the largest assets under management with 27.3 billion EUR. It was followed by Fixed Income and Long/Short Equity Funds with respectively 26.7 and 20.7 billion EUR. In term of jurisdiction, 48% of the funds were based in Luxemburg, 20% in Ireland 17% and in France.

*****

UCITS Alternative Index® – January 2010 Performance

UCITS Alternative Index® Global Index performance in January is -0.52%. The performance of the UCITS Alternative Index® Fund of Funds is -0.50%.

Mr. Louis Zanolin said, “In January the UCITS Alternative Index Global was down -0.52% while the performance of the UCITS Alternative Index Fund of Funds was -0.50%. The dispersion of return between the different strategies was limited, with only 3 strategy showing performance lower than -1%. The worst performing sectors were the Commodities with -3.56% followed by the CTA and Emerging Markets with respectively -2.05% and -1.20%. The Fixed Income index was the best performing sector in January with +0.62%. In term of new constituents, 15 new UCITS hedge funds and funds of funds were added to the database in January”.

Fund

Jan

Dec

YTD

YTD

Annualized (M)

Name

2010

2009

2010

2009

Compound

 

 

 

Return

Return

Return

Ucits Alternative Index Global

-0.52%

0.75%

-0.52%

9.27%

0.34%

Ucits Alternative Index Fund of Funds

-0.50%

-0.28%

-0.50%

1.64%

-5.45%

 

 

 

 

 

 

Ucits Alternative Index Long/Short Equity

-0.29%

1.28%

-0.29%

10.85%

-0.74%

Ucits Alternative Index Equity Market Neutral

-0.14%

-0.11%

-0.14%

-0.57%

-0.17%

Ucits Alternative Index Fixed Income

0.62%

0.65%

0.62%

11.83%

2.12%

Ucits Alternative Index CTA

-2.05%

-1.31%

-2.05%

0.88%

4.51%

Ucits Alternative Index Macro

-0.63%

0.86%

-0.63%

9.61%

0.39%

Ucits Alternative Index Multi-Strategy

-0.60%

0.62%

-0.60%

2.25%

1.69%

Ucits Alternative Index Emerging Markets

-1.20%

2.49%

-1.20%

34.68%

4.09%

Ucits Alternative Index FX

-0.53%

0.25%

-0.53%

1.19%

0.11%

Ucits Alternative Index Commodities

-3.56%

0.34%

-3.56%

5.93%

-0.54%

Ucits Alternative Index Event-Driven

0.00%

1.44%

0.00%

4.96%

-0.80%


Nara Capital SA is a leading, independent advisory and investment management firm specialized in New Alternatives. Founded in 2007, Nara Capital is headquartered in Geneva and employs a team of seasoned professionals with significant research and investment experience. The firm advises a range of portfolios and customized advisory mandates for sophisticated institutional investors who seek exposure to “New Alternatives” but lack the expertise to do so internally. NARA Capital also provides specialized industry analysis and research on the alternative investments and UCITS hedge funds in particular. NARA Capital is the exclusive Index Agent to the UCITS Alternative Index®.

www.naracapital.ch


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