RBC: Investable Funds Top The S&P500 Last Year

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).

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note