Friday, 25 July 2014
Last updated 1 hour ago
Aug 14 2007 | 10:33am ET
The RBC Hedge 250 Index declined slightly in July, but the declines were broad-based, with five of nine substrategies in the red for the month.
The overall index fell just 0.14%, and remains up 6.82% year-to-date. Both numbers compare quite favorably to the Standard & Poor’s 500, which fell by more than 3% and is up just over 3% through July.
While broad-based, July’s pain was hardly evenly spread out. Managed futures funds took the biggest hit, dropping 2.03% on the month (up 2.2% YTD). Convertible arbitrage also suffered through a difficult month, losing 1.38%; it's now essentially flat (up 0.01% YTD) in 2007.
Event-driven credit funds sank 0.93% in July (up 0.32% YTD), multi-strategy fell 0.39% (up 0.46% YTD) and macro funds dropped 0.08% (up 1.23% YTD).
On the plus side, fixed-income arbitrage led the way with a 1.86% return (3.82% YTD). The other top strategies were all up less than 1%: equity market-neutral (up 0.73% in July, 6.99% YTD), mergers and special situations (0.45%, 11.09% YTD) and equity long/short (0.33%, 8.12% YTD).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…