After the first monthly loss this year in June 2015, the UCITS HFS Index turns around again in July and posts returns of 0.38%. The broad index started negatively into the month though, posting a loss of -0.10% after the first full week of trading. Things changed in week two as the UCITS HFS Index reported gains of 0.79%. Albeit week three and four reduced the monthly performance again due to losses incurred of -0.22% and -0.08% respectively, it was not enough to put the monthly performance at risk. Of all funds tracked 66.09% reported profits in July 2015. From a sub-strategy perspective seven of the twelve strategies reported positive results in July, the top performers being Global Macro (1.25%), CTA (0.95%) and L/S Equity (0.56%). While Global Macro and L/S Equity only made profits in week two, CTA posted returns in the last three weeks of the month. Nonetheless CTA also made most of its profits the second week of July. The three worst performing strategies were Commodity (-1.51%), Arbitrage (-0.17%) and Event Driven (-0.13%). While Arbitrage just turned negative in the last week of trading, Commodity accumulated losses throughout the month. Event Driven on the other hand performed erratically, with the losses of week one and three outweighing the gains of week two and four. Top performers in 2015 are L/S Equity (4.55%), Global Macro (3.71%) and Convertible (2.21%) so far. From a year to date perspective the broad UCITS HFS Index now stands at 1.98% 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).