Opalesque Industry Update - UAI Benchmarks:|
The UCITS Alternative Index Global gains 0.80% in July and is up 1.74% on a year to date basis. The UCITS Alternative Index Funds of Funds outperforms the Global Index with a performance of 1.11% and reaches 2.36% this year. Equity funds perform best this month as the UAI Long/Short Equity is up 2.21%. The UAI Event-Driven gains 1.36%, while the UAI Macro and the UAI Multi-Strategy are up respectively 0.63% and 0.62%. The UAI CTA and the UAI Commodities continue to drop with negative performances of -0.45% and -0.43%. On year to date, the UAI long/short Equity reaches 5.68%. It is followed by the UAI Multi-Strategy (up 1.90%) and the UAI Event-Driven (up 1.75%).
UAI Blue Chip:
The UCITS Alternative Index Blue Chip posts gains of 1.20% this month after losing -1.78% in June. The Index benefits from Equity and Macro funds performances, as well as rebounds for Emerging Markets and Equity Market Neutral. Since the beginning of the year, the UAI Blue Chip is up 1.91%.
The UAIX Long/Short Equity is the best monthly performer (up 3.60%) as it outperforms the UAIX Event-Driven (up 2.00%) and the UAIX Emerging Markets (up 1.61%). The UAIX Multi-Strategy (up 1.28%) and the UAIX Macro (up 0.96%) also perform positively. So far this year, the UAIX Long/Short Equity is the best performer, up 7.37%. The next best performers are the UAIX Event-Driven (up 4.14%) and the UAIX Multi-Strategy (up 2.15%).
AUM and number of funds:
The total assets managed by single UCITS hedge funds increased to EUR 164 billion. The UCITS Alternative Index is currently composed of more than 850 constituent UCITS hedge funds and funds of hedge funds.