Saturday, 30 August 2014
Last updated 1 day ago
Dec 17 2008 | 1:50am ET
The RBC Hedge 250 Index shed a further 1.5% last month, a substantial improvement on October but, given year-to-date losses of 20.18%, cold comfort indeed.
Performance was almost uniformly better in November over October across the RBC strategy subindices. Event-driven credit was the worst-performing subindex last month, dropping 4.88% (down 31.27% year-to-date), followed by convertible arbitrage, which fell 3.8% (down 35.35% YTD). Multi-strategy funds lost 2.67% (down 32.21% YTD) and mergers and special situations funds fell 2.26% (down 23.34% YTD).
Just three of the nine subindices were in the black last month. Managed futures solidified its place as the year’s top-performing strategy in the RBC index, adding 3.17% (up 15.42% YTD). Fixed-income arbitrage and equity-market neutral also posted positive returns, rising 0.7% (down 20.3% YTD) and 0.19% (down 3.9% YTD), respectively.
RBC Capital Management did not mention how, if at all, the Bernard Madoff scandal affected the index or its subindices.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...