Sun, Aug 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UAI Global Index up +1.06% in February; (+0.68% YTD)

Wednesday, March 05, 2014
Opalesque Industry Update - UAI Benchmarks

UCITS absolute return funds display a healthy monthly performance in February with a progression of 1.06% for the UAI Global Index. With the exception of two, all strategies are up for the month. Similar as in January the best performing one is Long/Short Equity up 2.14%. It is followed by CTA up 1.27% and by Event Driven and Emerging Markets both up 0.95%. With -0.28% and -0.08% Volatility and FX are the worst performing strategies in February. The UAI Long/Short Equity is the best performing index since the beginning of the year with an average progression of 2.05%. It is followed by the UAI Event-Driven and UAI Equity Market Neutral respectively up 1.07% and 1.00%.

UAIX Indices

Most UAIX strategy indices advance this month. The best performing ones are the UAIX Long/Short Equity up 2.80%, the UAIX Event-Driven up 2.44% and the UAIX Equity Market Neutral up 1.45%. These three indices are also the best performing once since the beginning of the year with progression of 3.15% for the UAIX Long/Short Equity and respectively 2.00% and 1.33% for the UAIX Equity Market Neutral and UAIX Event Driven. On the negative side the UAIX CTA is still lagging since the beginning of the year with a performance of -4.38%.

UAI Blue Chip

The UAI Blue Chip advances by 0.24% during the last week of the month and ends February up 0.64%. The best performing strategies this month are Event Driven up 3.52%, Long/Short Equity up 1.91% and Equity Market Neutral up 1.11% while Commodities, FX and Multi-Strategy return the worst results with -1.18%, -1.08% and -0.11%. The UAI Blue Chip is now up 0.16% since the beginning of the year.

Number of funds and AUM

The total assets managed in UCITS absolute return funds advances by EUR 12 billion in February and crosses the EUR 200 billion mark for the first time to reach EUR 207 billion. Fixed Income and Long/short Equity funds display the largest progression in absolute terms with monthly inflows of EUR 5.5 billion and EUR 3.1 billion respectively. In relative terms the largest progression is achieved by Event-Driven funds with an increase of close to 10% for the month. On the other hand and as a consequence of their recent poor performances Volatility fund assets drop by 7% to EUR 3.7 billion.

UAI Indices

Press Release

BM

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. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. 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

  5. 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