Ucits long-short hedges get 5% more than peers

Hedge fund managers running Ucits III-compliant long/short products returned 5% more than peers from the traditional long-only space over the past year, research has found.

A study of 120 Ucits-compliant hedge funds by fund marketing firm Kepler found strategies from hedge fund firms gained 18.2% over the 12 months to 26 February, compared to 13% returns from the traditional space. Both groups generated volatility of about 9%. Kepler’s Georg Reutter says: “There is still a significant bridge to gap for hedge fund firms wanting to establish themselves in this space. “Managers who are destined to perform best on a risk-adjusted basis are those that have a hedge fund background, with a track record in a similar offshore fund. “They are likely to have ...