Wednesday, 4 March 2015
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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).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…