The UCITS Hedge Fund Index Global down in June

Date: Friday, July 6, 2012
Author: Alex Akesson, HedgeCo.Net

The UCITS hedge fund Index Global is down -0.23% in June bringing its year to date performance to -0.33%. The UCITS Alternative Index Fund of Funds is down -0.77% bringing its yearly performance to -2.39%. 10 out of 11 strategies indices return negative performances this month. The UAI CTA is down -1.69%, while the UAI Commodities and UAI FX are down respectively -0.84% and -0.69%. The only positive strategy this month is Fixed Income, up 0.30%. So far this year, the UAI Fixed Income (up 2.00%) and the UAI Volatility (up 1.32%) are the best performers. The other positive strategies on YTD are Multi-Strategy ( 0.46%) and Emerging Markets ( 0.19%).

The UAI Blue Chip is up 0.01% in June and up 2.07% on YTD. The main positive contributors to the Index performance this month are Multi-Strategy (up 0.58%) and Fixed Income (up 0.49%), while the main detractors are Event-Driven (-1.58%) and CTA (-0.82%).

All UAIX are up in June. The UAIX Volatility is up 1.08%, the UAIX CTA is up 0.72%. As for the other UAIXs, Fixed Income is up 0.37%, while Commodities and Long/Short Equity are up respectively 0.28% and 0.02%. As of June end, the best UAIX performer is Volatility, up 5.42%. It is followed by the UAIX Fixed Income, up 3.70%, and the UAIX CTA, up 1.56%.

The total assets managed by UCITS hedge funds has increased by 3 billion this month to reach EUR 129 billion ($161 billion). At the end of June 2012, the UCITS Alternative Index is composed of 854 constituent hedge funds and funds of hedge funds.