Having finished 2014 with a modest performance of 1.62%, the UCITS HFS Index starts positively into the year with gains of 1.09% in January 2015. After the first full week of trading the broad index returned profits of 0.18%. Week two added additional 0.18%, but it was the third week with gains of 0.86% that ensured a positive monthly result. The forth week of the month only caused a small dent as it saw the UCITS HFS Index drop -0.14%. Of all funds tracked 71.03% reported profits in January 2015.
From a sub-strategy perspective eight of the twelve strategies reported positive results in January, the top performers being the same strategies that led the field last year: CTA (3.12%), Global Macro (1.82%) and Fixed Income (1.54%). While the latter two did take a small loss in the last week of the month, CTA constantly added gains week after week. The three worst performing strategies in January were Commodity (-0.36%), Currency (-0.20%) and Event Driven (-0.19%). Investors in those strategies already had no joy in 2014, although it is noteworthy that Commodity took its biggest loss in the last week of trading which caused it to turn negative for the month.