Wed, Feb 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

UCITS Alternative Index Global was down -0.33% in July (+0.61% YTD)

Tuesday, August 05, 2014
Opalesque Industry Update - UCITS absolute return funds are slightly down in July with the UAI Global index losing 0.33%. The worst performances are found among the commodity and equity focused funds that got affected by the difficult conditions of their underlying markets (-4.99% for the DJ UBS Commodity Index and -1.67% for the MSCI World).

The UAI Commodity loses -1.45% in July while the UAI Long/Short Equity is down -0.66%, the UAI Event Driven down -0.59% and the UAI Equity Market Neutral down -0.45%. On the positive side, the best performance is achieved by the UAI Emerging Markets up 0.56% thanks mainly to the Chinese focused long/short equity funds. UCITS absolute return fixed income funds are the best performing ones since the beginning of the year with an average progression of 1.57%. Funds of funds lose -0.20% in July bringing their year to date performance to 0.28%.

UAIX Indices
UAIX single strategy indices post mixed results in July. Half of them return positive performance with the UAIX CTA clearly outperforming all other UAIX indices with a progression of 1.78% for the month. It is followed by the UAIX Emerging Markets up 0.81%. On the negative side the UAIX Commodities and the UAIX Long/Short Equity return the worst results with -2.55% and -1.38% respectively. The two UAIX fixed income focused indices are also among the worst performing ones in July with -0.57% for the UAIX FI Developed Markets and -0.35% for the UAIX FI Global index. The UAIX CTA is now the best performing strategy index since the beginning of the year up 2.80%. It is followed by the UAIX Event-Driven up 2.16%.

UAI Blue Chip
The UAI Blue Chip is down -0.14% in July. In line with the broad market the best performing strategies within the UAI Blue Chip index are CTA, Emerging Markets and Volatility up on average 1.34%, 0.72% and 0.65%. On the negative side the worst performing funds are found among Commodities, Event-Driven and Long/Short Equity funds, the latter being responsible for -14bp of the monthly performance. The UAI Blue Chip is up 0.22% since the beginning of the year.

Number of funds and AUM
Assets managed by UCITS absolute return funds advance by more than EUR 2 billion in July to reach EUR 237 billion. Fixed Income and Long/Short Equity funds record the largest growth of assets with EUR 2.3 and 1.3 billion. On the negative side the largest relative asset drop is recorded by commodities funds with a 10% decrease which brings the total assets managed in this particular strategy to EUR 1.19 billion. Since the beginning of the year UCITS absolute return fund’s assets have grown by 25%.
km

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time