The UCITS HFS Index continues its negative trend with a loss of -0.17% in February 2016, posting the third negative monthly result in a row. The broad index got off on the wrong foot reporting losses of -0.50% and -0.76% after the first and second week of the month respectively. The downward trend came to an abrupt halt as the UCITS HFS Index experienced its best weekly performance this year in week three (0.72%). Although the last days of trading added further gains of 0.37%, the broad index just fell short of turning around the monthly result. Of all funds tracked only 41.45% reported gains in February 2016.
From a sub-strategy perspective only two of the twelve strategies reported positive results in February: Commodity (2.10%) and CTA (1.35%). While the latter had to take a weekly loss in the third week of the month, Commodity posted positive results week after week. While the returns got lesser and lesser week after week, investors still will be pleased by this positive consistency that has been missing over the last two years. The worst performing strategies in February were Global Macro (-1.12%), L/S Equity and Credit (both -0.61%). All three strategies experienced a month of two halves: after they amassed losses in the first two weeks of trading, they started posting returns again for the rest of the month, although not enough to turn things around. From a year to date perspective the broad UCITS HFS Index now stands at -1.22% 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).