New York (HedgeCo.Net) – After four consecutive negative months, the UCITS Hedge Fund Strategy (HFS) Index posted a gain of +0.39% for August 2012.
A few days into the month the UCITS HFS Index started to gain momentum and cumulated gains of +0.44% after the first full week of trading. The second week of the month brought along additional gains of +0.07%, therefore slight losses in week three (-0.03%) and four (-0.08%) were not decisive enough to impact the positive monthly performance. Of all funds tracked in the UCITS HFS Index 63.96% returned gains in August 2012.
From a sub-strategy perspective nine out of the twelve sub-strategies were positive in August, the best performing being Commodity (+1.38%), Global Macro (+1.20%) and L/S Equity (+0.86%). While the first reported gains except for the last week of trading, the latter two were only positive in the first half of August. While L/S Equity had to give up -0.46% of its August gains in the second half of the month, Global Macro only lost -0.05% in the same time period. Credit and Fixed Income remain the only two strategies with back-to-back positive monthly results in 2012 with yearly performances of +6.26% and +4.39%. The only three strategies to report a loss for August are CTA (-1.41%), Currency (-0.06%) and Market Neutral (-0.04%). Due to its August performance CTA turned negative again from a yearly perspective, having lost -0.91% in 2012 so far. From a year to date perspective the broad UCITS HFS Index now stands at +2.40% in 2012.