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UCITS HFS Index starts positively into second half of the year, up 0.69% in July 2013

The UCITS HFS Index bounces back after losses taken in June with a performance of 0.69% in July 2013. The broad index started negatively into the month with a negative result of -0.24% in week one. Things turned around though as the UCITS HFS Index posted gains of 0.91% in the second week of trading, followed by additional 0.19% performance in week three. Although week four brought losses of -0.12% and the last three days of July were negative with -0.04% as well, the monthly result remained positive. From all funds tracked in the UCITS HFS Index 63.96% reported profits in July 2013.

From a sub-strategy perspective ten out of the twelve sub-strategies reported positive results in July, the best performing being L/S Equity (1.89%), Event Driven (1.23%) and Convertible (0.94%). All three of them made their profits mainly in the first three weeks of the month, the best week being the second week of trading which brought nearly half of the monthly gains. The two strategies in the red in July were CTA (-0.56%), Fixed Income (-0.01%). While CTA took losses from week two to four, Fixed Income posted positive returns week after week until week four. The last ten days of trading in July saw the gains vanish though, causing the strategy to turn negative at the end of the month. Four strategies remain negative in 2013 with Commodity leading the field (-3.07%). From a year to date perspective the broad UCITS HFS Index now stands at 1.58% in 2013.

About the UCITS HFS Index

The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.

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