New York (HedgeCo.Net) – After having reported a minor loss of -0.29% in October, the UCITS HFS Index picked up its performance again in November and reports gains of 0.81%. The broad index started off negatively with a loss of -0.13% in week one.
Things changed quickly in the second week with gains of 0.45% though, turning the UCITS HFS Index positive mid-month already. As week three and four added additional profits of 0.24% and 0.26% respectively, the positive monthly result was never in doubt. Of all funds tracked 71.10% reported profits in November 2014.
From a sub-strategy perspective nine of the twelve strategies reported positive results in November, the best performing being CTA (3.80%), L/S Equity (1.10%) and Global Macro (1.01%). All three of them reported positive results week after week, although L/S Equity made most of its profits in the second half of the month and CTA made a third of its profits alone in the last week of November.
The three strategies in the red this month were Commodity (-0.66%), Currency (-0.23%) and Market Neutral (-0.02%). While Currency was negative from the start until the end of November, Commodity and Market Neutral were able to turn positive in the second half of the month after having started with losses as well, although both took a dip in the last days of trading that tipped the scale into the red again. Four strategies remain negative for the year, Commodity (-2.94%) still leading the field. From a year to date perspective the broad UCITS HFS Index now stands at 1.72% in 2014.
Editing Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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