Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index takes forth monthly loss in a row, down -0.09% in June (+1.02% YTD)

Monday, July 09, 2012
Opalesque Industry Update - The UCITS HFS Index continues its downward trend with a loss of -0.09% in June 2012 after it already dropped -1.40% from March till May 2012. The loss this month is attributable to the first two weeks of trading in which the UCITS HFS Index took losses of -0.31% and -0.22%. Although the performance of the broad index turned around in week three with gains of +0.30%, week four started negative, only turning positive (+0.14%) after a strong last day of trading. Still this was not enough to turn the June result positive from a month to date perspective. From all funds tracked 51.26% posted positive returns in June 2012.

From a sub-strategy perspective seven out of the twelve sub-strategies returned profits in June. The best performing strategies were Convertible (+1.01%), Credit (+1.00%) and Global Macro (+0.85%), all of them outweighing minor early losses from the beginning of the month with respectable gains in the second half of June. Credit and Fixed Income are the only two strategies with back to back positive monthly results in 2012, accumulating now seven positive months. They stand at +4.52% and +2.93% from a year to date perspective. The three worst performing strategies in June were CTA (-3.35%), Commodity (-1.34%) and Event Driven (-0.92%). While the first two lost money week after week, Event Driven was able to post small positive returns in week three of June, before taking a major hit in the last week of trading. From a year to date perspective the broad UCITS HFS Index now stands at +1.02% in 2012.

(press release)

About the UCITS HFS Index
The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded...Full performance table:Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance