More than 75% of alternative UCITS funds reported negative performance for the week ending 11 May 2012, according to figures from the Absolute UCITS database.
The median for the 372 single manager funds was down 51 basis points for the reporting period. The Absolute UCITS Single Manager Composite Index finished April down 0.39%, taking its year-to-date return down to 2.28%.
The LFP JKC China Value Fund, run by JK Capital Management, was the worst performing fund for the latest reporting period with a loss of 5.25%.
The fund had reported a return of 10.51% for the year-to-date to