Tuesday, 1 December 2015
Last updated 5 hours ago
Apr 14 2010 | 11:06am ET
Hedge funds in March posted broadly positive returns—but badly trailed the soaring equities market.
The RBC Hedge 250 Index returned 1.59% last month, barely a quarter the return of the Standard & Poor’s 500 in March. The S&P 500 rose 5.88% on the month and is up 4.87% on the year; by contrast, the RBC index is up 1.8%.
Mergers and special situations funds led the way, rising 3.01% on the month (4.33% year-to-date). Event-driven credit funds added 2.3% (4.25% YTD) and fixed-income arbitrage funds rose 1.97% (5.43% YTD).
Equity long/short funds returned 1.88% in March (1.7% YTD), managed futures funds 1.14% (down 1.03% YTD), convertible arbitrage funds 0.95% (down 0.95% YTD) and macro funds 0.45% (0.83% YTD).
Only equity market neutral funds found themselves in the red last month, and just barely. The strategy index fell 0.03% and are down 0.07% on the year.
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…