Thursday, 24 July 2014
Last updated 6 hours ago
Apr 16 2012 | 7:56am ET
RBC Capital Markets says its hedge fund index—the RBC Hedge 250 Index—had an estimated net return of 0.36% in March, bringing its year-to-date return to 3.35%.
The return for February 2012 has been finalized at 1.27%.
Fixed-income arbitrage funds were the best performers in March, adding 1.40% (up 5.27% YTD). Next best were credit hedge funds, up 0.89% (3.89% YTD); followed by multi-strategy funds, up 0.71% (4.26% YTD); and equity long/short funds, up 0.62% (for a YTD gain of 4.58%).
Convertible arbitrage funds were up 0.44% for the month, but 6.85% YTD—the highest YTD total, followed by mergers and special situations, which were up 0.61% in March and 6.48% YTD.
The biggest losers for the month were managed futures strategies, down 1.13% (for a YTD loss of 2.36%); followed by equity market neutral funds, down 0.58% for March (but up 1.47% YTD). Macro funds also lost grown in March, down 0.16% (but up 1.15% YTD).
The index is a non-investable benchmark of the performance of the hedge fund industry based on a universe of 4,138 hedge funds (excluding funds of hedge funds) with aggregate assets under management of $990 billion.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…