Fri, Feb 24, 2017
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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  3. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  4. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  5. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012