June proved to be an erratic month, with the UCITS HFS Index unable to gain traction following May’s losses.
June proved to be an erratic month, with the UCITS HFS Index unable to gain traction following May’s losses. It closed at -0.15% MTD. Week one saw every sub-strategy trading positive, with the Index up 0.82%, but these gains were all but wiped out in week two (-0.74%). Despite recovering slightly in week three (0.17%) the Index turned south again in week four (-0.40%), making for a stop-start monthly performance. Strategies hit hardest were Credit and Currency, the former posting a 2.20% gain in the first week but unable to carry it forward, finishing -0.27% at month-end. Event Driven and Fixed Income were the best performers, posting gains of 1.14% and 0.35% respectively.
