Thursday, 24 July 2014
Last updated 3 hours ago
May 14 2008 | 1:29pm ET
Investable hedge funds swung back into the black last month, but remain mired in red year-to-date.
The RBC Hedge 250 Index returned 1.02% in April, based on estimated returns, but it remains down 2.48% on the year after losing 2.55% in March.
Eight of nine RBC strategies were in positive ground last month, led by mergers and special situation, which rose 1.91%. Still the strategy remains down 5.4% on the year, the second-worst performance behind multi-strategy, which are down 6.63% this year after rising 0.76% in April.
Other strong April performances were turned in by equity long/short (1.65% in April, down 1.99% year-to-date), fixed-income arbitrage (1.29%, down 1.51% YTD) and macro (1.25%, up 2.37% YTD).
The only strategy to lose money last month was managed futures, which dropped 1.21%. Still, it remains the best performer on the year at 7.65%.
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…