The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 49 min 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).