Rising commodity prices and solid gains in managed futures helped the UCITS Alternative Index Global, one of 13 indices managed by Geneva-based Alix Capital,
Rising commodity prices and solid gains in managed futures helped the UCITS Alternative Index Global, one of 13 indices managed by Geneva-based Alix Capital, lock in its highest returns YTD, gaining 0.53 per cent. This leaves it at 0.64 per cent for the year. On the back of a turbulent March, April proved much more accommodating to UCITS strategies, with all sub-indices posting gains apart from the Multi-Strategy index, down 0.35 per cent. The best performing strategy for April was UCITS Alternative Index CTA, up 1.51 per cent after losing 1.47 per cent in March. Given the surge in commodity prices (e.g. silver), strong gains were also seen in the UCITS Alternative Index Commodities: up 1.34 per cent. This puts it at 4.86 per cent YTD, by far the best performing strategy. Emerging Markets (1.24 per cent) and Fund of Funds (1 per cent) also did well. Despite only gaining 0.48 per cent, the Event-Driven index remains the second-best strategy on a YTD basis, up 1.88 per cent. Multi-Strategy is the primary laggard, down 0.19 per cent YTD, closely followed by the Macro index with poultry gains of 0.04 per cent. Year-on-year, however, the Index Global is still some way off the pace, having already returned 1.63 per cent by this stage in 2010.
