Alternative UCITS indices performed strongly during December across almost all strategy styles, according to the latest LuxHedge Alternative UCTS Overreview.
The LuxHedge Global Alternative UCITS Index representing 1,352 funds increased with 0.76 per cent, slightly underperforming the broader Hedge Fund market: HFRX Global Hedge Fund Index 0.86 per cent.
Except for the commodity arbitrage UCITS index (-1.67 per cent) which is the smallest category representing 11 funds, all LuxHedge UCITS indices ended the month of December with positive performance.
Top performers were long/short equity funds as measured by the Long/Short Europe UCITS Index (+2.00 per cent). CTA/managed futures (+1.31 per cent), long/short (+1.09 per cent), global macro (+1.03 per cent) and multi-strategy (+1.02 per cent) UCITS indices performed exceptionally strong last month. Both the Fund of Funds UCITS Index (+0.74 per cent) and Fixed Income Arbitrage UCITS Index (+0.45 per cent) also showed a positive return in December.
The alternative UCITS market continues to be fast-growing both in number of funds and in assets under management. During 2016, there were 228 new fund launches and 167 liquidations in the LuxHedge Alternative UCITS universe. This represents a net increase with 61 funds and brings the total number to a record high of 1,352 alternative UCITS funds.
