RBC: Tactical Hedge Funds Drag Down January Returns

Feb 12 2010 | 5:39am ET

Hedge funds dipped slightly in January, as managed futures and equity long/short funds took a hit.

The RBC Hedge 250 Index dropped 0.18% last month after rising 18.96% last year. Tactical funds suffered the most, with managed futures funds falling 3.08%, equity long/short funds 0.82% and macro funds 0.55%.

Convertible arbitrage funds also lost ground, dropped 0.69%.

By contract, fixed-income funds did well: Arbitrage funds jumped 2.44% and credit funds 2.01% on the month.

Mergers and special situations funds rose 0.47%, multi-strategy funds 0.42% and equity market-neutral funds 0.22%.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note