Majority of alternative UCITS report negative returns in mid-late March


By Henal Chudasama

Around two thirds of alternative UCITS funds, reporting data to Absolute UCITS, reported losses for the week ending 23 March 2012.

The median return for the 406 single manager UCITS funds was down 0.40% for the reporting period.

This follows the majority of funds reporting positive performances in January and February this year.

The worst performing strategy for the week was Chinese equity, which reported a loss of 2.34%.

Vitruvius Greater China Equity, which sits within the Chinese equity sector, was one of the worst performing funds for the week with performance down 3.83% for the reporting