Thursday, 25 December 2014
Last updated 1 day 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).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.