Friday, 30 January 2015
Last updated 38 min ago
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).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…