Wed, Oct 18, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad