Most Alternative UCITS funds were off to a very good start in January, according to the LuxHedge Global Alternative UCITS Index which posted a solid gain of +1.30 per cent to start the year, well recuperating December losses. Four out of five funds were able to post positive results for the month.
Nearly every strategy index showed a positive performance, with funds within Equity Hedge leading the pack: LuxHedge Equity Hedge UCITS Index +1.68 per cent. Long/Short UCITS advanced with +2.25 per cent, Equity Market Neutral UCITS with +0.58 per cent. Performance was strongest for US and AP strategies, mainly due to a higher long equity bias compared to strategies that focus on Europe.
Also Fixed Income strategies were on the rise with both Rates Long/Short UCITS (+1.14 per cent) and Credit Long/Short UCITS (+1.09 per cent) gaining ground. Within the macro space, Discretionary Macro managers had a very good start to the year: LuxHedge Discretionary Macro UCITS Index +1.47 per cent. Performance for CTA’s was mixed with Trend Followers being squeezed by choppy markets (-2.46 per cent) while Diversified Quant CTA’s were able to grab the opportunities in January (+0.98 per cent).
