RBC: Hedge Funds Up 1.59% In March

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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR