Thursday, 23 October 2014
Last updated 9 min ago
Apr 17 2013 | 11:51am ET
Hedge funds opened 2013 with three straight months of positive returns—albeit returns that fell far short of the broader markets.
The RBC Hedge 250 Index added 1.35% last month, to end the quarter up 3.4%. By contrast, the Standard & Poor's 500 Index rose more than 10% in the first quarter.
All nine of the strategies tracked by RBC Capital Markets were in the black last month, led by mergers and special situations funds, up an average of 2.85% (6.5% year-to-date). Equity long/short funds added 1.64% (4.35% YTD), credit funds 1.34% (4.02% YTD) and multi-strategy funds 1.26% (4.04% YTD).
Managed futures funds were up an average of 0.97% in March (1.37% YTD), macro funds 0.83% (1.22% YTD), convertible arbitrage funds 0.71% (3.51% YTD), fixed-income arbitrage funds 0.7% (3.06% YTD) and equity-market neutral funds 0.25% (down 0.09% 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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...