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%.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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