Friday, 19 December 2014
Last updated 1 hour ago
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%.
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.