Tue, Aug 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index experiences third monthly loss in a row, down -0.70% in May 2012

Monday, June 11, 2012
Opalesque Industry Update - The UCITS HFS Index continues its downward trend with a setback of -0.70% in May 2012 after its drop of -0.36% and -0.34% in April and March respectively. The largest part of the May loss is attributable to the first two weeks of trading in which the UCITS HFS Index took losses of -0.45% and -0.37%. The third week had less impact, still being negative though (-0.17%). Similar to most of the sub-strategies the UCITS HFS managed to have a positive performance during the last week of May with gains +0.28%, slightly softening the monthly loss.

From a sub-strategy perspective five out of the twelve sub-strategies returned profits in May. The best performing strategies were CTA (+2.11%) and Currency (+1.75%), both of which had been negative in March and April. CTA lost -0.72% during the first week of trading, however, managed to cut the losses over the three following weeks, in particular with a performance of +1.98% during the last week of May. On the other hand, Currency managed to post positive returns week after week throughout May. Credit and Fixed Income are the only two strategies with back to back positive monthly results in 2012, accumulating now six positive months. They stand at +3.48% and +2.59% in 2012. The three worst performing strategies in May were L/S Equity (-2.23%), Commodity (-2.14%) and Convertible (-0.78%). While L/S Equity and Commodity managed to earn money during the last week of May, Convertible was negative throughout the whole month. From a year to date perspective the broad UCITS HFS Index now stands at +1.11% in 2012.

Press Release

BC

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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner