Opalesque Industry Update — After the market turmoil in August the UCITS HFS Index is not able to recover and reports a monthly loss of -0.65% for September 2011. Although the month started positive with gains of +0.60% in the first one and half weeks, the hopes of a market rebound were shattered in the second week of September. With markets turning, the UCITS HFS Index reported a weekly loss of -0.71% and therefore was negative by mid-month already. With a performance of -0.10% in week three and -0.43% in week four the broad index continued its decline and was not able to deliver positive returns. Of all funds tracked in the broad UCITS HFS Index only 37.46% were positive in September 2011. Source Press release bc |