Special Situations, Equity Long/Short Drive Down Returns

Feb 14 2008 | 1:10am ET

Hedge funds fell by almost 2% last month, dragged down by poor performances from mergers and special situations funds and equity long/short offerings, according to estimated figures from RBC Capital Markets.

Overall, the investable RBC Hedge 250 Index fell by 1.82% in January after a 0.45% rise in December. Investors in mergers and special situations and equity long/short funds in particular suffered, dropping 3.95% and 3.44%, respectively. Equity-market neutral funds also had a bad month, losing 3.06%.

Other losers included multi-strategy funds, which declined by 1.55%, and event-driven credit funds, which fell 1.17%. Fixed-income arbitrage hedge funds also found themselves in the red, but just barely, dropping 0.1%.

The news wasn’t bad for everyone. Managed futures funds returned 3.1% last month, while macro funds added 2.72%. Convertible arbitrage funds also finished January in the black, at 1.5%.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.