Performance

Performance for two thirds of UCITS hedge funds down

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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