Monday, 27 July 2015
Last updated 3 hours ago
Jan 17 2013 | 8:04am ET
Hedge funds rose 5.81% last year, an industry index shows, after missing on the market rally early in 2012.
The RBC Hedge 250 Index rose 1.11% last month to finish just under 6% for the year. By contrast, the Standard & Poor’s 500 Index rose almost 16% last year.
Eight of the nine strategies tracked by RBC were in the black in 2012, led by fixed-income arbitrage funds, up an average of 18.64% on the year (1.12% in December).
Mergers and special situations funds were up 11.24% (2.69% in Dec.) and convertible arbitrage funds 11.2% (2.11% in Dec.).
Credit funds rose an average of 8.7% (1.14% in Dec.), multi-strategy funds 8.38% (1.36% in Dec.), equity long/short funds 6.34% (0.93% in Dec.), equity market-neutral funds 1.26% (down 0.43% in Dec.), and macro funds 0.26% (0.8% in Dec.).
Of the strategies tracked by RBC Capital Markets, only managed futures funds suffered a loss in 2012, dropping 3.31% (up 0.57% in Dec.).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…