UCITS funds end August down 0.40 per cent… Algebris Investments & Pioneer Investments both launch new funds… The UCITS Alternative Index Global lost -0.40 per cent in August to leave it up 1.34 per cent on a year-to-date basis. By comparison the average hedge fund has returned 4.63 per cent (through July) according to Hedge Fund Research. In many respects August was a sea of red in terms of strategy performance. Only two of 11 UAI strategies made gains, and even these were minimal: +0.63 per cent for UAI Commodities (still down -1.34 per cent YTD) and UAI Event-Driven, up +0.09 per cent (up +1.84 per cent YTD). The worst performing index was UAI CTA, down -1.42 per cent after having also incurred losses of -0.45 per cent in July. Despite ending August down -0.39 per cent, UAI Long/Short Equity is still far and away this year’s best performing strategy, up +5.27 per cent. Through August, five of the 11 strategies were in positive territory, including UAI Event-Driven (+1.84 per cent) and UAI Multi-Strategy (+1.50 per cent).
Posted on: Wed, 11 Sep 2013 12:01:24 +0000
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