Friday, 27 November 2015
Last updated 56 min 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.).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…