Saturday, 28 November 2015
Last updated 7 hours 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).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…