Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.