UCITS continue to bounce back from 2011 performance
The UCITS Alternative Index (UAI) Blue Chip index is up 3.1% so far since the start of 2012. This marks the strongest start to a year since the Blue Chip index began measuring Ucits performance in 2008.
The Blue Chip Index has risen by 0.24% this week bringing the index, which lost 3.96% in 2011, up 0.31% in March so far. Performance year to date is 3.1%.
The best performing strategy was commodities, up 0.74%, followed by macro and FX. Emerging markets and volatility performed negatively.
UCITS hedge funds are regulated more vigorously than offshore equivalents and provide greater liquidity, but have been criticised for producing lower returns than non-UCITS hedge funds.
The HFRI Fund Weighted Composite Index gained 2.14% in February, bringing performance through the first two months of 2012 to nearly 5%, almost wiping out the -5.26% decline the index suffered in 2011.
The UCITS Alternative Index (UAI) tracks more than 850 UCITS hedge funds and funds of hedge funds.