Wednesday, 4 May 2016
Last updated 20 min ago
May 16 2012 | 7:37am ET
The RBC Hedge 250 Index was down 0.04% in April, bringing its year-to-date return to a positive 3.37%.
Managed futures funds provided the only bright light in April, with gains of 2.13%, bringing their YTD returns to 0.05%.
All other strategies were flat or negative for the month, with the worst performances delivered by macro strategies (down 0.71% on the month, although up 0.56% YTD)mergers and special situations funds (down 0.60% on the month, but up 5.97% YTD) and equity market neutral funds (down 0.51% on the month, but up 1.09% YTD).
All strategies are in the black, YTD, led by convertible arbitrage funds, up 6.89% and fixed income arbitrage funds, up 6.21%.
The index, compiled by RBC Capital Markets is a non-investable benchmark of the performance of the hedge fund industry based on a universe of 4,175 single-manager hedge funds with aggregate assets under management of about $1 trillion.