The UCITS HFS Index loses -0.14% in the third week of trading in April and is down -0.23% month to date (by business day 15, May 20th, 2011). Out of the eleven sub-strategies only four reported positive numbers, the biggest winners being Global Macro (+0.18%), Credit (+0.15%) and Fixed Income (+0.11%).
These modest gains were not enough to counterbalance the loses generated by the other sub-strategies. The biggest losers in that regard were Event Driven (-0.59%), Convertible (-0.33%) and L/S Equity (-0.32%). From a month to date perspective CTA is by far the biggest loser in May. Although it only lost slightly in the third week of trading (-0.09%), it experienced a catastrophic first half of May and stands at -3.25% month to date. The broad UCITS HFS Index now stands at -0.65% in 2011.
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.
UCITS HFS Index reports slight losses in third week of May 2011
The UCITS HFS Index loses -0.14% in the third week of trading in April and is down -0.23% month to date (by business day 15, May 20th, 2011). Out of the eleven sub-strategies only four reported positive numbers, the biggest winners being Global Macro (+0.18%), Credit (+0.15%) and Fixed Income (+0.11%).
These modest gains were not enough to counterbalance the loses generated by the other sub-strategies. The biggest losers in that regard were Event Driven (-0.59%), Convertible (-0.33%) and L/S Equity (-0.32%). From a month to date perspective CTA is by far the biggest loser in May. Although it only lost slightly in the third week of trading (-0.09%), it experienced a catastrophic first half of May and stands at -3.25% month to date. The broad UCITS HFS Index now stands at -0.65% in 2011.
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.