Wednesday, 23 July 2014
Last updated 1 hour ago
Mar 15 2010 | 1:07pm ET
Hedge funds rose slightly in February after falling slightly in January, according to RBC Capital Markets.
The investable RBC Hedge 250 Index returned 0.4% last month. Combined with its 0.1% decline from January, the benchmark is up 0.3% on the year.
Most of the strategies tracked by RBC were in positive territory in February, led by mergers and special situations funds, which rose an average of 0.88% (1.38% year-to-date). Macro funds added 0.75% (0.41% YTD), equity long/short funds 0.61% (down 0.08% YTD), managed futures funds 0.6% (down 2.44% YTD), credit and fixed-income arbitrage 0.31% apiece (up 2.13% YTD and 2.88% YTD, respectively), and multi-strategy funds 0.17% (0.78% YTD).
Just two funds lost ground last month. Equity market-neutral funds fell an average of 0.37% (down 0.06% YTD) and convertible arbitrage funds lost 0.11% (down 1% YTD).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…