Tuesday, 21 October 2014
Last updated 13 min 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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...