Friday, 25 July 2014
Last updated 4 hours ago
Jan 16 2008 | 6:44am ET
Investable hedge funds enjoyed an average return of more than 8% last year, easily topping the broader markets, according to preliminary numbers from RBC Capital Markets.
The RBC Hedge 250 Index added 0.5% last month to reach 8.27% for the year. The Standard & Poor’s 500 returned just 5.49%.
The strongest-performing strategy tracked by RBC in 2007 was equity long/short, which returned 12.83% last year (1.09% in December). It was closely followed by managed futures, which added 11.65% (0.11% in December).
Convertible arbitrage was the only RBC strategy in the red last year, declining 0.09%, after a 1.21% drop in December wiped out its year-to-date gains.
Fixed-income arbitrage returned 8.22% in 2007 (1.21% in December), equity-market neutral 7.28% (down 0.65% in December) and macro 4.06% (1.88% in December).
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…