The UCITS Hedge Fund Strategy Index dropped the first time this month as a loss of -0.89% was recorded in the third week of November (by business day 15, November 19th, 2010), leading to month to date performance of +0.33%.
Out of the eleven strategies ten were in the red, the biggest losers being CTA (-4.16%), Global Macro (-1.28%) and Convertible (-1.15%). The record loss of CTA is the biggest weekly loss so far in 2010 and leaves the strategy at -0.36% year to date, therefore being the only strategy with a negative return this year.
The only strategy that performed positive was Market Neutral (+0.09%), but obviously those modest gains couldn’t make up for the other heavy losses. From a year to date perspective the broad UCITS HFS Index now stands +3.95%.
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.
The UCITS Hedge Fund Strategy Index Drops In November
The UCITS Hedge Fund Strategy Index dropped the first time this month as a loss of -0.89% was recorded in the third week of November (by business day 15, November 19th, 2010), leading to month to date performance of +0.33%.
Out of the eleven strategies ten were in the red, the biggest losers being CTA (-4.16%), Global Macro (-1.28%) and Convertible (-1.15%). The record loss of CTA is the biggest weekly loss so far in 2010 and leaves the strategy at -0.36% year to date, therefore being the only strategy with a negative return this year.
The only strategy that performed positive was Market Neutral (+0.09%), but obviously those modest gains couldn’t make up for the other heavy losses. From a year to date perspective the broad UCITS HFS Index now stands +3.95%.
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.