New York (HedgeCo.net) — After minor up and downs this year without any significant movements in the first two months of 2010 the UCITS Hedge Fund Strategy (HFS) Index showed strength in March for the first time this year. The month started with gains of 0,62% in week one and saw the index rise continually with intra-month performances of 0,93% and 1,71% in week two and three respectively. With a strong overall finish, but especially of the largest sub-category L/S Equity, the UCITS HFS Index gained 2,24% in March and consequently turned positive with a year to date performance of 2,23% in 2010.
In March Global Macro not only defended its title of the most profitable strategy within the UCITS HFS Index, but after an already successful first week the strategy enjoyed a good run in the second half of the month and closed with with a noteworthy gain of 5,66%. The other strategies outperforming the broad UCITS HFS Index were Convertible (3,42%), L/S Equity (3,00%) and Event Driven (2,56%), the latter making nearly half of the profits in the last week of March. Fixed Income and Market Neutral both managed to turn positive until the end of March albeit starting in the red. But the worst performing strategy year to date remains CTA (-0,31%), the March return of 1,87% still being overshadowed by the severe losses of January this year.
About the UCITS HFS Index
The UCITS HFS Index Series is the first index family that tracks all UCITS funds using hedge fund strategies. The UCITS HFS Index Series includes all UCITS III funds that apply absolute return strategies, have more than 10 Mio. € of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded.
The indices are calculated on every 5th, 10th and 15th business day and at the end of each month by the index calculator Structured Solutions AG. The results are published on the website www.ucitsindex.com and via the usual vendors.
