Mon, Oct 5, 2015
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%.

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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

    U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid