As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 6 hours ago
Jul 16 2010 | 5:57am ET
A poor June doomed hedge funds to a losing first half, according to RBC Capital Markets.
The RBC Hedge 250 Index slumped 0.94% last month. Following a 2.33% loss in May, the index is down 0.56% through June.
Mergers and special situations funds weighed most heavily on the industry last month, dropping 1.91%. Fixed-income arbitrage was one of only two strategies tracked by RBC in positive ground in June, topping all of them at 0.75%.