Tue, May 31, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS absolute return funds end April down -0.37%; (-0.03% YTD)

Tuesday, May 06, 2014
Opalesque Industry Update - UCITS absolute return funds end April down -0.37% as measured by the UAI Global Index and have now turned slightly negative on average for the year down -0.03%. Equity focused strategies record the worst monthly returns with -0.98% for the UAI Long/Short Equity and -0.89% for the UAI Equity Market Neutral. On the positive side the best results are achieved by the UAI CTA up 0.58%, the UAI Commodities up 0.38% and the UAI Fixed Income up 0.25%. Totaling now eighth consecutive months of positive return the UAI Fixed Income is also best performing strategy index since the beginning of the year. In line with the broad market, funds of funds also lose ground in April with -0.44% and are now down -0.23% since the beginning of the year.

UAIX Indices

Despite the challenging market environment the majority of UAIX single strategy indices finish the month with positive performance. The best performing one is the UAIX CTA up 1.48%, returning its first positive month since the beginning of the year. The UAIX Volatility and the UAIX FX are the next best performing indices up 0.65% and 0.52% respectively. On the negative side the worst returns are the results of the UAIX Long/Short Equity down -3.15% for the month and bringing its year to date performance to -0.62%. The next worst performing indices in April are the UAIX Event-Driven down -1.58% and the UAIX Macro down 1.45%. Since the beginning of the year the best performing index is the UAIX Equity Market Neutral up 1.28% followed by the UAIX Fixed Income – Developed Market up 1.19%.

UAI Blue Chip

The UAI Blue Chip loses -0.70% in April and is now down -0.75% since the beginning of the year. The worst performances are due to the Event-Driven and Long/Short Equity managers, respectively down -4.52% and -2.54% while the CTA and Fixed Income ones are the only ones that managed to end the month with positive performance (up 1.31% and 0.08%). Long/Short Equity and Marco funds are the two largest performance detractors with -0.51bp and -0.14bp.

Number of funds and AUM

The total assets managed in UCITS absolute return funds continue to advance in April to reach EUR 222 billion. Equity Market Neutral and Even-Driven funds record the largest monthly progressions with 8% and 7% while CTA and Emerging Markets display the largest percentage outflows with -7% and -5%. In absolute terms Fixed Income collected the largest amount of money last month with more than EUR 1.4 billion. Since the beginning of the year Event-Driven, Long/Short Equity and Equity Market Neutral are the top strategies in term of asset progressions with respectively plus 45%, 40% and 32%.

UCITS Index

Press Release

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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Investing - Scientist turned hedge fund founder cuts profitable Aussie short, Pelargos joins hedge funds’ bet on turnaround at Honda, Managers set to cash in on infrastructure debt upswing[more]

    Scientist turned hedge fund founder cuts profitable Aussie short From Bloomberg.com: AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zeala