RBC: Hedge Funds Fall 0.62%

Mar 18 2009 | 3:21am ET

Hedge funds failed to sustain their positive momentum in February, following up January’s gain with a 0.62% loss, according to RBC Capital Markets.

The RBC Hedge 250 Index is up 0.63% through February. All but two of its subindices were in the red last month, with only convertible arbitrage funds (up 2.71% in February, up 12.84% year-to-date) and fixed-income arbitrage (up 0.42%, up 2.33% YTD) rising on the month.

Macro funds were the biggest losers last month, falling 1.04% (up 0.11% YTD). Credit funds (down 0.96%, down 1.55% YTD) and equity long/short funds (down 0.84%, down 0.13% YTD) followed.

Mergers and special situations funds fell 0.61% (up 1.07% YTD), equity market-neutral funds 0.47% (up 2.21% YTD), managed futures funds 0.12% (up 1.85% YTD) and multi-strategy funds 0.05% (up 2.72% YTD).


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of