After two months of positive performance the UCITS HFS Index takes a hit and reports losses of -0.76% in December 2015. The broad index started negatively into the month, dropping -0.42% after the first week of trading. The negative trend accelerated in week two as the UCITS HFS Index had to take losses of -0.54%. Although the decline halted thereafter, meagre returns of 0.14% in week three and 0.06% in the last one-and-a-half weeks of the month were not enough to turn things around in order to end the month with a positive performance. Of all funds tracked only 28.61% reported gains in December 2015.
From a sub-strategy perspective only one of the twelve strategies reported positive results in December: Market Neutral (0.45%). The positive result was possible due to very evenly distributed returns during the month, the only exception being a marginal loss in the second week of trading (-0.05%). The only other strategy coming close to not losing money in December was Event Driven (-0.05%), but a last push around the holidays just fell short of equalising the losses taken in week two and three. The worst performing strategies in December were CTA (-2.15%), Global Macro (-1.39%) and Fixed Income (-1.16%). While the latter two both posted negative results in the first half of the month and at least had a slightly positive third week of trading, CTA posted returns in week two of the month. But as it had to take losses for the rest of the month and especially in the first week of trading, the yearly result suffered as well (-2.81%). The UCITS HFS Index finishes 2015 with a performance of 0.40% for the year.
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).