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

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.