By Hannah Walsh
More than 80% of single manager alternative UCITS funds reported positive performance for the week ending 23 November 2012, according to the Absolute UCITS database.
The 364 alternative UCITS were up a median of 67 basis points for the reporting period.
The top performing fund during the week was Market Bridge America with a return of 8.98%. The fund, which is managed by Paris-based Maya Dray and Sylvain Bruley, had seen a significant loss during the previous week. Year-to-date to October 2012 the fund was down 1%.
Market Bridge Capital’s fund follows a macro strategy, where the index