Thursday, 25 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.