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.
Sunday, 4 December 2016
Last updated 1 day ago
Jan 13 2012 | 12:53pm ET
Preliminary results show the RBC Hedge 250 Index down 0.37% for December and 2.92% for 2011.
The December decline is almost identical to November’s 0.34% loss.
Fixed income arbitrage funds were one of a very few bright spots this past month, adding 0.65% to end the year up 7.38%. Managed futures strategies also ended December in the black, up 0.56%, but were the worst performers of the full year, losing 8.02%. Multi-strategy funds stayed flat, adding 0.03% in December but ended the year down 1.84%.
The biggest losers in December were macro, mergers and special situations and equity long/short funds, losing down 0.78%, 0.77% and 0.76%, respectively. For the full year, macro funds were down 0.34% and equity long/short funds down 4.23% while mergers and special situations was one of the worst performers of the year, losing 7.50%
Convertible arbitrage strategies fell 0.18% to end the year with a loss of 3.04% while equity market neutral funds shed 0.66% for a final loss of 0.34%.
Credit funds shed 0.12% in December and were down 0.47% for the year.
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry based on a universe of 4,172 hedge funds (excluding funds of hedge funds) with aggregate assets under management of $1.005 trillion.