Friday, 28 November 2014
Last updated 1 day ago
Aug 16 2011 | 2:55pm ET
Hedge funds inched up in July, successfully navigating market volatility to end a two-month losing streak, according to RBC Capital Markets.
The RBC Hedge 250 Index returned an estimated 0.29% last month, bringing the benchmark to 0.93% on the year. The return was buoyed by macro and managed futures funds, which rose 1.58% (down 0.66% year-to-date) and 1.13% (down 4.57% YTD), respectively.
Fixed-income arbitrage funds average an estimated 0.68% return (8.1% YTD), followed by equity market neutral at 0.62% (1.36% YTD) and event-driven credit funds at 0.2% (4.3% YTD).
Equity long/short funds were roughly flat, falling a microscopic 0.02% in July (up 0.94% YTD). Multi-strategy funds lost an average of 0.1% (up 1.05% YTD), which convertible arbitrage funds shed 0.52% (up 4.8% YTD) and mergers and special situations funds 0.84% (down 4.57% YTD).
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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