Reversal of fortunes for last week’s top performing funds

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By Hannah Walsh

SEB Asset Management’s Asset Selection Opportunistic fund was the top performing fund for the week ending 4 November 2011 with a return of 5.74%, according to the Absolute UCITS database.

The fund had posted a loss of 4.68% during the previous week, making it the worst performing fund. The managed futures fund was down 4.09% year-to-date to October 2011, after posting a loss of 9.81% for October.

The AC Triple Alpha Fund, the top performing fund in the previous week with a return of 13.37%, was the worst performing fund during the reporting period