Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS Alternative Index Global is up a healthy 1.18% in October, 3.20% YTD

Monday, November 04, 2013
Opalesque Industry Update - The UCITS Alternative Index Global is up a healthy 1.18% in October 2013 and reaches 3.20% since the beginning of the year. As for last month, the good performance is explained by the strong results of long/short equity managers up 1.85% on average. However the best performing strategy index in October is the UAI CTA up 2.20%. The UAI Multi-Strategy, UAI Emerging Markets and UAI Macro are also up more than 1%. Commodities and Volatility are the only two strategies displaying negative performance for the month with -0.46% and -0.43%.

Since the beginning of the year the UAI Long/Short Equity returns the best performance with a progression of 8.94%. Coming next are the UAI Multi-Strategy Index and the UAI Event-Driven up respectively 3.71% and 3.44%. On the negative side the UAIX Volatility displays the worst performance for the year with -3.77%.

Funds of funds also enjoy a positive month of October with a progression of 0.86% for the UAI Fund of Funds and bringing its year to date performance to 3.38%.

UAIX Indices
With the exception of three, all UAIX indices return positive performance in October. The best results are delivered by the UAIX Long/Short Equity up 2.39% followed by the UAIX CTA, up 1.47%. With a performance of 11.67%, the UAIX Long/Short is in double figures for the time this year. It is followed by the UAIX Event-Driven up 6.03% and the UAIX Multi-Strategy up 3.44%.

UAI Blue Chip
The UAI Blue Chip progresses by 0.81% in October and is up 2.86% for 2013. The best performance is achieved by long/short equity, CTA, and multi-Strategy funds with progressions of 1.65%, 1.23% and 1.16%. On the negative side the worst performing results are achieved by the volatility, commodities and FX funds down -1.33%, -1.11% and -0.89% respectively. The long/short equity bucket is by far the largest contributor to the monthly performance with 33bp. It is followed by the macro and multi-Strategy one with 15bp and 12bp.

AUM and number of funds
The total assets managed in UCITS absolute return fund continue advance in October and now reaches EUR 174.7 billion for single funds and EUR 4.5 billion for funds of funds. The largest monthly growth is achieved by long/short equity funds with inflows of EUR 981 million (or 5.71%). The two strategies that are experiencing the largest outflows are Volatility and CTA with a drop of assets equivalent to -7.68% and -4.56%.


The UCITS Alternative Index series is the industry's leading benchmark for the UCITS absolute return funds universe. The UCITS Alternative Index series of indices track the performance of both global and strategy specific UCITS absolute return funds. Index rules and statistics are accessible on the UCITS Alternative Index website www.ucits-alternative.com. UCITS Alternative Index is a registered trademark. Alix Capital is the exclusive Index Provider to the UCITS Alternative Index.

Press release

Bg

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius

  5. Big hedge funds tighten grip amid consolidation[more]

    From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment. Firms with more than $1 billion in hedge fund A