The UCITS HFS Index slows down in April 2015, reporting gains of 0.01%: the fourth positive monthly result in a row. The broad index started well into the month, posting returns of 0.81% after the first full week of trading. Results became erratic though, the second week bringing a loss of -0.37% while week three saw the UCITS HFS Index pull back 0.12% again. Due to a -0.55% loss in the last week of trading the monthly gains nearly vanished completely. Of all funds tracked 58.31% reported profits in April 2015.
From a sub-strategy perspective eight of the twelve strategies reported positive results in April, the top performers being Convertible (1.11%), L/S Equity (0.50%) and Commodity (0.49%). While the latter showed the most consistent performance with only a minor loss of -0.01% in week three, Convertible and L/S Equity showed strength at the beginning of the month in particular. The three worst performing strategies were CTA (-1.48%), Fixed Income (-0.32%) and Multi Strategy (-0.29%), all just turning negative in the last week of April. Top performers in 2015 are L/S Equity (4.57%), Global Macro (4.06%) and Convertible (2.88%) so far. From a year to date perspective the broad UCITS HFS Index now stands at 2.49% in 2015.
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 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 Friday and at the end of each month by the index provider 2n20.com AG and are published on the website www.ucitsindex.com.
Founded in 2009, the Pfaeffikon-based Swiss 2n20.com AG is a financial service provider specialized in internet based services tailored for the hedge fund industry. It launched the first index family for hedge funds in UCITS wrapper – the UCITS HFS Index family – and acts as index provider in this regard. 2n20.com provides institutional investors with information via its databases and newsletters and offers investable products on and licensing of its indices. Furthermore 2n20.com offers institutional money managers a price comparison and negotiation service in order to optimize their service provider relationships or setup new fund structures via its Negotiato.rs platform (www.negotiato.rs).