By Hannah Walsh
More than 80% of alternative UCITS funds reported flat or negative performance for the week ending 18 May 2012, according to figures from the Absolute UCITS database.
This was reflected in the median performance of the single manager UCITS space which was down 1.04% for the week.
DNB ECO Absolute Return fund was the worst performer during the week with a loss of 7.14% - and this comes after the fund was already down 7.47% for the year-to-date to April 2012.
The fund in the equity market neutral and quantitative strategies sector, which was down 0.33% for