Monday, 15 September 2014
Last updated 7 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?