Saturday, 25 October 2014
Last updated 1 day 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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.