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UCITS HFS up 0.08% in February, 1.28% year to date

Monday, March 18, 2013
Opalesque Industry Update - After a strong start into the New Year, the UCITS HFS Index slowed down, reporting gains of 0.08% for February 2013. The broad index started positively into the month with a performance of 0.11% after the first full week of trading. The second week of February was nearly a mirror image of the week before, adding another 0.09% to the monthly result. Although the UCITS HFS Index dropped -0.15% in week three, the February performance remained positive as the last week of the month was quiet with marginal gains of 0.02%. From all funds tracked in the UCITS HFS Index 53.87% reported profits in February 2013.

From a sub-strategy perspective eight out of the twelve sub-strategies reported positive results in February, the best performing being Credit (0.44%), L/S Equity (0.31%) and Convertible (0.27%). While the latter two reported positive weekly results except for week three, Credit reported profits week after week. The worst performing strategies in February were Commodity (-1.30%), CTA (-0.49%) and Global Macro (-0.24%).

While Global Macro reported small gains for week two and four, CTA was negative except for the second week of trading. Commodity on the other hand started with small gains into the month but accumulated constant losses thereafter, ultimately also turning negative from a year to date perspective. Fixed Income remains the only strategy to report 15 consecutive back-to-back positive monthly results in a row. From a year to date perspective the broad UCITS HFS Index now stands at +1.28% in 2013.

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