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UCITS HFS Index gains 0,90% in April 2010

Thursday, May 06, 2010
Opalesque Industry Updates - After a strong performance in March the UCITS HFS Index continued the positive trend with a solid performance of 0,90% in April 2010. This profit is mainly due to a good performance in week one that saw the index rise by 0,79%. The positive trend continued in week two and three, though at a lower pace: with additional gains of 0,13% in both weeks the index peaked at a 1,05% gain temporarily before the index lost 0,15% in the last week of April.

While most strategies contributed to the loss, Credit and L/S Equity in particular took a beating. The only positive strategies in the last week of April (all with respectable gains) were Currency, Market Neutral and CTA, the latter slowly improving it’s year to date performance after a bad start at the beginning of 2010.

In April Credit and Global Macro were the two most profitable strategies for the third month in a row with gains of 3,07% and 2,21% respectively, thus securing their top spots in the UCITS HFS Index year to date. The third place from a monthly perspective goes to Event Driven (+1,56%) although losing 0,20% in the last week of trading.

The only three strategies to perform worse than the broad index this month were L/S Equity (+0,35%), Market Neutral (0,73%) and Multi Strategy (+0,76%). As these strategies alone contain over half of the funds in the UCITS HFS Index their under-performance slowed down the growth of the broad index significantly. All strategies stayed positive throughout the month though except Market Neutral, which recovered from a negative performance after the first two weeks. Year to date the UCITS HFS Index is positive by 3,15%. Corporate website: www.ucitsindex.com

- FG

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