RBC: Most Hedge Fund Strategies Rise In Q1

Apr 15 2009 | 11:07am ET

For hedge funds, March certainly came in a like a lion, but it went out like a lamb, according to the RBC Hedge 250 Index.

The index added 0.46% last month after dropping 0.96% in February. It returned 0.75% in the first quarter, as all but two of the nine strategies tracked by RBC Capital Markets were in positive ground both in March and the first quarter.

Convertible arbitrage funds remain the best performer to date this year, rising 6.36% last month. The strategy soared 19.06% in the first quarter, several heads and shoulders above the second-best performer in Q1, fixed-income arbitrage, which returned 2.89% in the first three months of the year after a 1.26% jump last month.

Macro funds rose 1.48% on the month (1.21% year-to-date), equity long/short funds rose 0.71% (0.32% YTD), mergers and special situations funds rose 0.57% (1.42% YTD), multi-strategy funds rose 0.44% (2.63% YTD) and equity market-neutral funds 0.27% (2.43% YTD).

The only two strategies to lose ground in March were the only two to drop for the quarter. Managed futures funds fell 2.24% to wipe out its year-to-date gains, leaving them down 0.44% on average for the quarter. Credit hedge funds lost 0.15% last month, leaving them down 2.1% on average.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

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

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of