UCITS Alternative Index In The Red In 2010

Mar 11 2010 | 7:19am ET

UCITS-compliant hedge funds are the hottest thing Europe right now, but their performance this year has been disappointing.

The UCITS Alternative Index Global Index was up a mere 0.24% in February, brining its year-to-date performance to -0.29%.

Meanwhile, the UCITS Alternative Index Fund of Funds performed slightly better, gaining 0.25% in February, bringing it to -0.25% YTD.

The Commodities and Macro are the best sectors with 1.48% and 0.51%, respectively. The Emerging Markets Index boasted the worst performance for the period, -0.19% YTD.

On a year-to-date basis, the Fixed Income Index is the best performing index with 1.02%.

UCITS Alternative Index Performance Summary

  Feb 10 Jan 10 YTD 2009
UCITS Alt. Index Global 0.24% -0.52% -0.29% 9.27%
UCITS Alt. Index Fund of Funds 0.25% -0.50% -0.25% 1.64%
UCITS Alt. Index Long/Short Equity -0.03% -0.29% -0.33% 10.85%
UCITS Alt. Index Equity Market Neutral -0.06% -0.14% -0.19% -0.57%
UCITS Alt. Index Fixed Income 0.40% 0.62% 1.02% 11.83%
UCITS Alt. Index CTA 0.20% -2.05% -1.86% 0.88%
UCITS Alt. Index Macro 0.51% -0.63% -0.12% 9.61%
UCITS Alt. Index Multi-Strategy -0.16% -0.60% -0.75% 2.25%
UCITS Alt. Index Emerging Markets -0.19% -1.20% -1.39% 34.68%
UCITS Alt. Index FX 0.35% -0.53% -0.19% 1.19%
UCITS Alt. Index Commodities 1.48% -3.56% -2.14% 5.93%
UCITS Alt. Index Event-Driven 0.29% 0.00% 0.28% 4.96%

 

The UCITS Alternative Index aims to track the performance of UCITS III hedge funds and funds of hedge funds.  The inception date of the UCITS Alternative Index Global and the Sub-Indices is Jan. 1, 2008. As of the 1st February 2010, the UCITS Alternative Index Global is composed of approximately 350 constituents totaling more than EUR 63 billion of assets under management. NARA Capital is the official Index Provider of the UCITS Alternative Index.


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Editor's Note