The Ucits HFS Index gained 0.41 per cent in the second week of trading in July 2010, but is still down by 0.05 per cent month to date.
Out of the 11 strategies five performed negative the last five trading days, but only currency lost significantly, down 1.09 per cent, and is now down 1.59 per cent month to date.
The three best performing strategies from a weekly perspective were convertible (+1.42 per cent), L/S equity (+0.98 per cent) and event driven (+0.68 per cent), thereby also turning into the three best performing strategies month to date.
Due to the strong performance last week L/S equity also turned positive from a year to date perspective (+0.33 per cent), while the broad Ucits HFS Index is now up 1.84 per cent in 2010.
The Ucits HFS Index Series is the first index family that tracks all Ucits funds using hedge fund strategies. The indices are calculated by the index calculator Structured Solutions. The results are published by the index advisor 2n20.com.