Tuesday, 1 December 2015
Last updated 13 hours ago
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).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…