UCITS Hedge Funds Lose Ground, Gain Assets

Nov 6 2012 | 11:15am ET

UCITS-compliant hedge funds topped US$170 million in assets under management last month, even as such funds posted negative returns.

The regulation-friendly hedge funds now boast €137 million (US$175 million) in assets.

But the UCITS Alternative Index Global fell 0.17% in October, bringing its year-to-date number down to 0.81%. Those figures are both better and worse than the average hedge fund, which lost more ground in October but has returned substantially more on the year.

UCITS funds of funds did even worse, losing 0.54% on the month and 1.9% on the year.

Multi-strategy and emerging-markets funds did best in October, returning 0.66% (2.34% year-to-date) and 0.58% (3.25% YTD), respectively. Commodity-based funds, as measured by the UAI CTA and UAI Commodities indices, fell 2.95% and 1.95%, respectively. Those funds are down 4.65% and 3.65% on the year, respectively. Fixed-income funds are the best performers on the year, up 4.19%.

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