UCITS HFS Index Drops in May After Two Months of Gains

June 13th, 2010
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Swiss financial service provider 2n20.com AG has released the latest UCITS fund performance data for the month of May. According to the firm, the UCITS HFS Index dropped -1.08% last month after positive performances in March and April. The Index’s year-to-date performance now comes to +2.04%.

Despite the drop in the overall UCITS Index, a few sub-strategy indices performed well, with Credit (+6.51%) and Currency (+3.53%) among the most top performers. On the other end of the spectrum, strategies with the poorest performances included Convertible (-5.58%), Global Macro (-3.91%), and CTA (-3.59%). Long/short equity, 2n20.com’s largest sub-strategy, “finished with a loss of 2.32%, due to weak performance in week one and three and recovering slightly in week two and four.”

2n20.com AG calculates the UCITS HFS Index Series and tracks all “UCITS III funds that apply absolute return strategies, have more than €10 million of assets under management, offer at least weekly liquidity and have reported numbers for more than one month.”
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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