UCITS Hedge Funds In The Black In March

Apr 7 2010 | 10:24am ET

March brought good news to the UCITS regulated universe of hedge funds, with all strategies in the black, according to one index.

The UCITS Alternative Index Global gained 1.64% in March, bringing its year-to-date performance to 1.35%. Last month also saw the Fund of Funds Index rise 0.80%, bringing its performance for the year to 0.54%.

The Emerging Markets and Long/Short Equity strategies were the best performers in March, gaining 3.63% and 2.08%, respectively. The Equity Market Neutral and Event Driven funds achieve the lowest results for the period, both rising 0.47%.

On a year-to-date basis, the Fixed Income Index is the best performing sector with 2.34% while the Commodities Index shows the worst return with -1.23%.

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 is Jan. 1, 2006, and the inception date of all other indices is Jan. 1, 2008. At the end of March the UCITS Alternative Index had more than 400 constituent funds totaling approximately €70 billion assets under management.

UCITS Alternative Index Performance Summary


Mar 10 Feb 10 YTD 2009
UCITS Alt. Index Global 1.64% 0.24% 1.35% 9.27%
UCITS Alt. Index Fund of Funds 0.80% 0.25% 0.54% 1.64%
UCITS Alt. Index Long/Short Equity 2.08% -0.03% 1.74% 10.85%
UCITS Alt. Index Equity Market Neutral 0.47% -0.06% 0.27% -0.57%
UCITS Alt. Index Fixed Income 1.30% 0.40% 2.34% 11.83%
UCITS Alt. Index CTA 1.54% 0.20% -0.35% 0.88%
UCITS Alt. Index Macro 1.62% 0.51% 1.49% 9.61%
UCITS Alt. Index Multi-Strategy 1.06% -0.16% 0.30% 2.25%
UCITS Alt. Index Emerging Markets 3.63% -0.19% 2.20% 34.68%
UCITS Alt. Index FX 0.87% 0.35% 0.68% 1.19%
UCITS Alt. Index Commodities 0.93% 1.48% -1.23% 5.93%
UCITS Alt. Index Event-Driven 0.47% 0.29% 0.76% 4.96%

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