After the UCITS HFS Index broke its negative trend in March it continued its recovery with gains of 0.12% in April 2016. The broad index started negatively into the month, though, with losses of -0.10% after the first full week of trading. Things reversed quickly as the UCITS HFS Index experienced its strongest weekly performance in April in week two with a performance of 0.30%. The broad index slowed down in week three again which still brought along additional gains 0.08% before the last week of the month concluded with a drop of -0.16%. Of all funds tracked 54.38% reported gains in April 2016.
From a sub-strategy perspective eight of the twelve strategies reported positive results in April, the top performers being Commodity (2.21%), Credit (0.73%) and Convertible (0.55%). While the latter only posted positive results in week two and three, Credit was able to add gains week after week. Commodity on the other hand had to take a minor loss in the first week of trading and posted strong weekly results thereafter. The worst performing strategies in April were CTA (-1.83%), Event Driven (-0.29%) and Market Neutral (-0.17). While Market Neutral took losses in week two and three, Event Driven performed like the mirror image with losses in week one and four. In contrast, CTA started strongly into the month with gains of 0.47% in week one, but had to take losses week after week for the rest of April. Seven strategies remain negative for 2016, the worst performers being L/S Equity (-2.44%) and Global Macro (-2.20%). From a year to date perspective the broad UCITS HFS Index now stands at -0.61% in 2016.
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 servce 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).