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UCITS HFS Index takes small year end loss, down -0.10% in December 2014


Having reported gains of 0.81% in November, the UCITS HFS Index returned a small loss in December 2014 of -0.10%. 

The broad index started positively into the month with profits of 0.14% in week one. Things changed drastically in the second week with losses of -0.83%. Although the UCITS HFS Index experienced a positive second half of December with gains of 0.33% and 0.23% in the third and forth week respectively, it was not enough to finish the year on an all time high. Of all funds tracked 48.22% reported profits in December 2014.
From a sub-strategy perspective three of the twelve strategies reported positive results in December: CTA (0.86%), Arbitrage (0.17%) and Event Driven (0.14%). Like all other strategies those three had to take losses in the second week of the month, but were able to bounce back: CTA and Arbitrage made up their losses in the week thereafter while Event Driven just turned positive in the last days of trading. 

The three worst performing strategies in December were Commodity (-0.76%), Credit (-0.60%) and Global Macro (-0.34%). The latter only took losses in week two while Credit experienced a month of two halves in which the negative first half outweighed the positive second half of the month. Commodity on the other hand was negative throughout the month and only posted a minor weekly return in week three. Five strategies ended the year in the red, although only Commodity (-3.68%) and Event Driven (-0.74%) had to take more than a marginal loss. The UCITS HFS Index finishes 2014 with a performance of 1.62% for the year.

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