Alternative UCITS Funds Slide In Q1
Boutique research firm LuxHedge published its Q1 report yesterday. The firm's LuxHedge Global Alternative UCITS Index fell 0.56% in March, bringing the 2018 performance to date to -0.69%. "Most Alternative UCITS funds went down because of a small long equity bias" said the firm.
AUM which the firm tracks advanced EUR12billion to EUR460bn, an increase of 2.5%, however, due to the increase in market volatility and the declines in the global equities markets.
Alternative UCITS funds have had a tough start to 2018. "Performance for Alternative UCITS funds was negative across almost all strategies with only 10% of funds in positive territory for 2018 YTD" said the firm.