Funds
A survey by London-based KDK Asset Management has found that the vast majority of FoHF managers are heading down the Ucits road, despite their poor performance this year (-0.83 per cent YTD)
US banking giant J.P.Morgan has rolled out a new multi-strategy newcits fund, following its soft launch last month.
Latest figures released by the UCITS Alternative Index Global show that it climbed +0.53 per cent last month, yielding an overall figure of -0.28% YTD.
With only a paltry USD50.7 billion in bonds issued across the Eurozone in May, conditions were far from ideal for Nomura
After a slight loss in June the Ucits HFS Index returned a positive result in July 2010.
Although up by only 0.35 per cent, it is a noteworthy result as during the first three weeks of the month the broad index was negative.
After the first week of trading with nearly every strategy in the red the Ucits HFS Index was down by 0.46 per cent. The second week added a positive 0.41 per cent to the overall performance just to lose another 0.19 per cent in the third week of trading.
The last few days of July turned things