Thursday, 27 November 2014
Last updated 16 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%.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…