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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note