Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index recovers from early losses, up 0.35% in July, +2.25% YTD

Thursday, August 05, 2010
Opalesque Industry Updates - After a slight loss in June the UCITS HFS Index returned a positive result in July 2010. Although just being up 0.35% this month it is a noteworthy result as the first three weeks the broad index was negative. After the first week of trading with nearly every strategy in the red the UCITS HFS Index was down by -0.46%. The second week added a positive 0.41% to the overall performance just to lose another 0.19% in the third week of trading. The last few days of July turned things around though with a positive performance of 0.59%, mainly due to a strong finish of Convertible, Event Driven, L/S Equity and Credit.

From a sub-strategy perspective: out of the eleven strategies seven returned negative results in July 2010. The worst performers were Currency (-2.81%), Global Macro (-1.19%) and Fixed Income (-0.88%). The latter was able to reduce it’s losses in the last week of trading while Currency accumulated them week by week, opposed to Global Macro which took most of the losses in the first week of July. The three best performing strategies were Convertible (+3.12%), Event Driven (+2.73%) and L/S Equity (+1.49%) which all made a significant amount of their profits in the last trading week in July. Due to their strong weightings within the index (L/S Equity in particular) the broad UCITS HFS Index didn’t have to finish in the red and now stands at +2.25% year to date. Corporate website: Source

- FG

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner