Mon, Aug 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS Alternative Index Global down 0.33% in March (+0.34% YTD)

Friday, April 04, 2014
Opalesque Industry Update - UAI Benchmarks
Most UCITS absolute return funds return negative performances in March 2014. The UAI Global which tracks the performance of more than 700 single UCITS absolute returns funds is down -0.33% for the period. Funds of funds also experience a difficult period with -0.65% and are now up 0.21% since the beginning of the year. Despite the challenging market environment Multi-Strategy and Fixed Income funds finish the month with positive performance up 0.41% and 0.10% respectively. The worst results are achieved by CTA and Event-Driven managers with -1.10% and -0.59%. Long/Short Equity funds are the best performing funds since the beginning of the year with a progression of 1.50%. They are followed by Fixed Income and Equity Market Neutral funds with up 0.80% and 0.77%.

UAIX Indices
UAIX indices display mixed performance in March. The best results are achieved by the two fixed income indices with progressions of 0.37% for the UAIX Fixed Income ? Global and 0.28% for the UAIX Fixed Income - Developed Markets. On the other hand the UAIX FX and UAIX Commodities return the worst monthly performances with -2.12% and -1.50%. Since the beginning of the year the UAIX Long/Short Equity and UAIX Equity Market Neutral are the best performing strategy indices with progressions of 2.60% and 2.28%.

UAI Blue Chip
The UAI Blue Chip is down -0.21%% in March and down -0.05% for the year. The good performance of the Fixed Income managers - up 0.75% on average - was not enough to offset the bad results of the FX, Commodities and Long/Short funds. These three strategy buckets respectively accounted for -13bp, -10bp and 6bp of the monthly performance. Event-Driven funds are the best performers since the beginning of the year with a progression of 3.10%. They are followed by Equity Market Neutral funds up 1.68%.

Number of funds and AUM
The total assets managed in UCITS absolute return funds continue to surge to reach EUR 220 billion at the end of March. As for the previous months Fixed Income and Long/short Equity funds capture the bulk of the inflows with respectively EUR 6.7bn and EUR 3.6bn. For the latter this represents a progression of 13% for the month and 37% since the beginning of the year. On the other hand, poor performing strategies such as Commodities, CTA and Volatility are all losing assets during the period.

Press release

www.ucits-alternative.com

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new