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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of