Tuesday, 29 July 2014
Last updated 3 hours ago
Aug 16 2013 | 9:01am ET
Hedge funds returned 1.05% in July, according to the RBC Hedge 250 Index, putting their year-to-date gains at 4.87%.
Most strategies tracked by the index ended the month in positive territory, with the exception of managed futures, down 0.16% (and down 1.82% YTD); and convertible arbitrage funds, down 0.05% (but up 5.93% YTD).
Mergers and special situations funds performed best in July, up 2.56% on the month (11.59% YTD); followed by equity long/short funds, up 2.35% (8.08% YTD); equity market neutral funds, up 1.40% (2.92% YTD); and fixed-income arbitrage funds, up 0.95% (3.32% YTD).
Credit funds were up 0.60% in July (6.35% YTD); multi-strategy funds were up 0.53% (7.09% YTD); and macro funds were flat, adding 0.02% (and are down 1.12% YTD).
The non-investable index is based on a universe of 4,566 hedge funds with aggregate assets under management of $1.517 trillion.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…