Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS HFS Index up 0.69% in July 2013, 1.58% year to date

Thursday, August 22, 2013
Opalesque Industry Update - The UCITS HFS Index bounces back after losses taken in June with a performance of 0.69% in July 2013. The broad index started negatively into the month with a negative result of -0.24% in week one. Things turned around though as the UCITS HFS Index posted gains of 0.91% in the second week of trading, followed by additional 0.19% performance in week three. Although week four brought losses of -0.12% and the last three days of July were negative with -0.04% as well, the monthly result remained positive. From all funds tracked in the UCITS HFS Index 63.96% reported profits in July 2013.

From a sub-strategy perspective ten out of the twelve sub-strategies reported positive results in July, the best performing being L/S Equity (1.89%), Event Driven (1.23%) and Convertible (0.94%). All three of them made their profits mainly in the first three weeks of the month, the best week being the second week of trading which brought nearly half of the monthly gains. The two strategies in the red in July were CTA (-0.56%), Fixed Income (-0.01%). While CTA took losses from week two to four, Fixed Income posted positive returns week after week until week four. The last ten days of trading in July saw the gains vanish though, causing the strategy to turn negative at the end of the month. Four strategies remain negative in 2013 with Commodity leading the field (-3.07%). From a year to date perspective the broad UCITS HFS Index now stands at 1.58% in 2013.

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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to