After the recent draw-down the UCITS HFS Index turns around with gains of 0.96% in October 2015 to turn positive from a year to date perspective again. The broad index started great into the month, posting returns of 0.64% after the first full week of trading. The positive trend slowed down in week two as the UCITS HFS Index gained only 0.06%, before week three brought along additional gains of 0.31%. The last week of the month contributed the only loss of -0.06% which was not enough to affect the strong monthly result. Of all funds tracked 72.48% reported gains in October 2015.
From a sub-strategy perspective ten of the twelve strategies reported positive results in October, the top performers being L/S Equity (1.93%), Global Macro (1.51%) and Multi Strategy (1.30%). While the latter only posted small losses in the last week of trading, L/S Equity posted returns in every single week. Global Macro on the other hand took losses in week two and four, but had the strongest start into month with gains of 1.80% in the first full week of trading alone. Two strategies were the red in October: CTA (-1.49%) and Market Neutral (-0.12%). Both started badly into the month with high first week losses. While CTA also incurred losses in the last week of trading, Market Neutral reduced its monthly deficit week by week, although not being able to turn things around completely. The worst performing strategy from a year to date perspective still is Commodity (-4.13%), while L/S Equity has taken over the top spot for 2015 returns (2.99%). From a year to date perspective the broad UCITS HFS Index now stands at 0.91% 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 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).