After barely being positive in April 2015, the UCITS HFS Index slowly gains momentum in May and posts returns of 0.21%: the fifth positive monthly result in a row. The broad index started negatively into the month, posting a loss of -0.12% after the first full week of trading. Things turned around in week two and three though with returns of 0.07% and 0.29% respectively. The last week of the month did not change much as it brought along a marginal loss of -0.01%. Of all funds tracked 62.30% reported profits in May 2015.
From a sub-strategy perspective nine of the twelve strategies reported positive results in May, the top performers being Event Driven (0.81%), L/S Equity (0.70%) and Global Macro (0.40%). While the latter only made profits in week three, L/S Equity posted returns in the first three weeks and Event Driven in the last three weeks of the month. The three strategies in the red were Commodity (-0.71%), CTA (-0.67%) and Fixed Income (-0.35%), all turning negative in the first week of May and unable to recover thereafter. Top performers in 2015 are L/S Equity (5.30%), Global Macro (4.48%) and Convertible (3.04%) so far. From a year to date perspective the broad UCITS HFS Index now stands at 2.71% 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).