New York (HedgeCo.Net) – The UCITS HFS Index continues its erratic performance and reports a loss of -0.29% in October 2014. The broad index started off negatively with a loss of -0.92% after the first full week of trading.
The second week added additional losses of -0.49%. Things turned around in the second half of October though with the UCITS HFS Index gaining 0.62% in week three. With returns of 0.50% in week four a majority of the losses taken in the first half of the month were nullified, but still it was not enough to turn the broad index positive from a monthly perspective. Of all funds tracked 42.20% reported profits in October 2014.
From a sub-strategy perspective five of the twelve sub-strategies reported positive results in October, the best performing being CTA (0.59%), Fixed Income (0.09%), Convertible and Credit (both 0.04%). All of them except Fixed Income took losses in the first half of the month, which they were able to make up for in the second half of October.
Fixed Income on the other hand was the only strategy to post gains in three of the four weeks, only having to take a loss in second week of the month.
The three worst performing strategies in October were Event Driven (-1.69%), Commodity (-1.32%) and Global Macro (-0.54%). While Commodity took losses week after week, the two other strategies took losses in the first half of the month which were too big to catch up in the second half despite positive results in week three and four.
Five strategies are now in the read for the year, Commodity (-2.30%) and Event Driven (-1.79%) leading the field. From a year to date perspective the broad UCITS HFS Index now stands at 0.90% in 2014.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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