Saturday, 18 April 2015
Last updated 15 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.).
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…