Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Up arrow

26174

October was best month of the year so far for Alternative UCITs, says LuxHedge

RELATED TOPICS​

October was the best month of the year so far for Alternative UCITS funds with the LuxHedge Global Alternative UCITS index advancing 0.68 per cent, bringing YTD gains to 2.29 per cent.

The total universe currently contains over 1400 funds, more than 75 per cent post positive returns year-to-date. In line with previous months and years, investors keep increasing their allocations to Alternative UCITS funds. Assets Under Management for the total universe went up with 1.8 per cent in October, now standing at 451 B EUR.
 
Performance gains were spread across most strategies. In line with the broader hedge fund market, CTA & Managed futures funds outperformed. Nearly all of the 100-plus CTA funds in the LuxHedge universe posted positive returns last month and the LuxHedge CTA & Managed Futures UCITS index increased by 3.07 per cent, still not recuperating all earlier losses (down 0.44 per cent YTD. After a solid month of September, discretionary Global Macro funds continued showing strong returns in October (LuxHedge Global Macro UCITS Index up 0.87 per cent).
 
Also Equity Hedge Funds continued on their upward path with the LuxHedge Equity Hedge & Event Driven UCITS index advancing 0.56 per cent in October (4.80 per cent YTD). All equity long/short indices posted positive returns with AP focused funds continuing to outperform all others. The LuxHedge Equity Long/Short Asia Pacific (incl Japan) index increased by 2.43 per cent in October which brings YTD gains to +23.14 per cent. Because many long/short funds keep a long bias, part of this performance reflects rising equity markets. Still many funds in this space are generating significant additional alpha on long and short side and do offer decorrelated returns (with reference to this recent article on how to select outperforming funds.)
 
The relatively large group of Fixed Income Relative Value funds continued to show moderate performance on average with the LuxHedge Fixed Income Arbitrage UCITS index showing a modest gain of +0.19 per cent (YTD +1.80 per cent). Largely 80 per cent of funds in this category are in positive territory for the year.
 

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by