Saturday, 30 May 2015
Last updated 23 hours 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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…