Friday, 25 July 2014
Last updated 23 min 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.
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…