Performance for two thirds of UCITS hedge funds down


Most UCITS hedge fund performance was down in the week ending 19 November 2010, according to the latest performance data collected by Absolute UCITS.

More than 210 funds, out of a total of 309, tracked by Absolute UCITS performed negatively during the week.

Only 13 funds had performance of more than 1% - with the top performing fund being Vitruvius Japanese Equity Fund with a return of 2.15%.

Managed futures was the worst performing sector of the reporting period. Its median performance was minus 1.86%. It was also home to the worst performing fund, SEB Asset Selection Opportunistic, which was down 4.76%.

The second worst performing fund was APM Gold & Resources Fund, which had strong performance for the previous fortnight, but which