RBC: Hedge Funds Up 1.62% In Jan.

Feb 19 2013 | 9:03am ET

Hedge funds returned 1.62% last month, according to RBC Capital Markets' industry benchmark.

All strategies tracked by the RBC Hedge 250 Index gained ground in January, with the exception of macro, which fell 0.29%. Mergers and special situations led the way, up 3.27%, but still fell short of the broader markets, with the Standard & Poor's 500 Index adding more than 5% on the month.

Convertible arbitrage rose 2.57% in January, equity long/short 2.31%, credit 2.07%, multi-strategy 2.02%, fixed-income arbitrage 1.94%, equity-market neutral 0.45% and managed futures 0.44%.

The RBC index gained 5.81% last year.

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