Monday, 29 December 2014
Last updated 2 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.).
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.