Hedge Funds Edge Up In July

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).


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR