The UCITS HFS Index starts into the year with a loss of -1.05% in January 2016, posting the second negative monthly result in a row. The broad index got off on the wrong foot posting losses of -0.64 % after the first full week of trading. The downward trend continued as the UCITS HFS Index took losses of -0.51% and -0.12% in week two and three respectively. Although things turned around in week four with gains of 0.22%, it was too little too late to prevent a negative monthly outcome. Of all funds tracked only 28.90% reported gains in January 2016.
From a sub-strategy perspective only two of the twelve strategies reported positive results in January: CTA (2.44%) and Fixed Income (0.12%). While the latter only posted gains in the last week of January which outweighed the losses of week one to three though, CTA showed strength in the first half of the month in particular and only had to take a loss in the third week of trading. The worst performing strategies in January were L/S Equity (-2.53%), Global Macro (-1.73%) and Convertible (-1.56%). All three strategies amassed losses in the first three weeks of the month and only posted minor returns in the last week of trading. From a year to date perspective the broad UCITS HFS Index now stands at -1.05% 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).