Tue, Aug 30, 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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op