Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner