Tue, Mar 31, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner