Around 70% of funds reported flat or negative performance for the week ending 28 September 2012, according to figures reported to the Absolute UCITS database.
The median of the 363 alternative UCITS funds that reported data during the reporting period was down 26 basis points.
The worst performing single manager fund during the reporting period, and for the second consecutive week, was the MS Algebris Global Financials Fund which lost 5.24%. The Algebris fund follows a global equity strategy.
The global equity median was down 0.96% for the reporting period and was one of the worst performing sectors