Hedge Funds Rise 0.4% In Feb.

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).

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...