RBC Index Drops 1.24% In June

Jul 18 2011 | 8:31am ET

The RBC Hedge 250 Index fell 1.24% last month, cutting the benchmark’s year-to-date gain to just 0.57%.

All but one of the nine strategies tracked by RBC Capital Markets lost ground in June, with only fixed-income arbitrage funds posting gains of 0.12% on the month (7.51% year-to-date). Managed futures and mergers and special situations funds were especially hard-hit, according to the preliminary numbers, falling 3.46% (down 5.92% YTD) and 2.37% (up 0.82% YTD), respectively.

Equity long/short funds lost 1.06% on the month (up 1.01% YTD), convertible arbitrage funds 1.03% (up 5.88% YTD), event-driven credit funds 0.89% (up 4.09% YTD), multi-strategy funds 0.7% (up 1.17% YTD) and macro funds 0.66% (down 2.78% YTD).

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