UCITS Funds Slip 0.40% In August

Sep 3 2013 | 8:31am ET

UCITS hedge funds are down 0.40% in August, according to the UCITS Alternative Index Global, putting them up 1.34% year to date.

Only two of the UCITS strategies tracked were positive in August—commodities were up 0.63% and event-driven strategies were up 0.09%.

The worst performance of the month was turned in by CTA funds, down 1.42% in August and now down 1.92% YTD.

UCITS FX strategies were down 0.97% in August, emerging markets strategies were down 0.93%, macro strategies were down 0.43%, multi-strategy down 0.40% and long/short funds down 0.39%. UCITS fixed-income funds were down 0.09% and equity market neutral funds were down 0.08%.

Funds of absolute return funds also ended August in the red, down 0.66%, but remain up 1.68% for the year.

Despite their negative performance in August, UCITS long/short equity strategies are still the best performing YTD, up 5.27%, followed by event-driven strategies, up 1.84% and multi-strategy funds, up 1.50%.
 
As of the end of August, five of 11 strategies are in the black for the year.


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