UCITS HFS Index recovers from early losses, up 0.35% in July 2010

After a slight loss in June the UCITS HFS Index returned a positive result in July 2010. Although just being up 0.35% this month it is a noteworthy result as the first three weeks the broad index was negative. After the first week of trading with nearly every strategy in the red the UCITS HFS Index was down by -0.46%. The second week added a positive 0.41% to the overall performance just to lose another 0.19% in the third week of trading. The last few days of July turned things around though with a positive performance of 0.59%, mainly due to a strong finish of Convertible, Event Driven, L/S Equity and Credit.

From a sub-strategy perspective: out of the eleven strategies seven returned negative results in July 2010. The worst performers were Currency (-2.81%), Global Macro (-1.19%) and Fixed Income (-0.88%). The latter was able to reduce it’s losses in the last week of trading while Currency accumulated them week by week, opposed to Global Macro which took most of the losses in the first week of July. The three best performing strategies were Convertible (+3.12%), Event Driven (+2.73%) and L/S Equity (+1.49%) which all made a significant amount of their profits in the last trading week in July. Due to their strong weightings within the index (L/S Equity in particular) the broad UCITS HFS Index didn’t had to finish in the red and now stands at +2.25% year to date.

About Alex Akesson

Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
This entry was posted in Hedge Fund Commentary. Bookmark the permalink.

Leave a Reply