New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index nearly didn’t move in the second week of trading in February, only adding +0.03% to its monthly performance. Thus the broad index is up +0.78% month to date (by business day 10, February 14th, 2011). Eight of the eleven sub-strategies returned positive results, Event Driven (+0.46%), Convertible (+0.44) and Multi-Strategy (+0.16%) being the most successful. CTA (-0.59%), Global Macro (-0.21%) and Arbitrage (-0.11%) were the only strategies reporting a loss, although except the latter all strategies are still positive from a month to date perspective. The broad UCITS HFS Index now stands at +0.50% in 2011.

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.

Editing by Alex Akesson