Saturday, 26 July 2014
Last updated 11 hours ago
Jun 16 2009 | 2:13am ET
The average hedge fund rose by 3.59% last month, according to RBC Capital Markets.
May’s advance pushed the RBC Hedge 250 Index to 7.01% on the year. Just one of RBC’s nine strategy subindices, equity market-neutral funds, lost ground on the month, and those just barely: Such funds lost 0.04% in May (up 1.44% year-to-date).
Convertible arbitrage funds continued their remarkable run in 2009, soaring another 9.45% after April’s 10.4% rise. The strategy is now up 44.6% on the year, nearly three times the return of its closest competitor. Mergers and special situations funds are up 16.47% in the first five months of the year following a 3.19% rise last month.
Equity long/short funds returned 4.28% last month (7.26% YTD), multi-strategy funds 3.71% (6.36% YTD), credit funds 3.52% (2.92%) and fixed-income arbitrage funds 3.25% (7.25% YTD).
In other hedge fund index news, the Credit Suisse Index Co. revised its May performance up from preliminary results released last week. The Credit Suisse/Tremont Hedge Fund Index returned 4.06% last month, led by emerging markets funds (6.96%, 12.43% YTD) and convertible arbitrage funds (5.81%, 19.12% YTD). The Credit Suisse index is up 6.72% on the year.
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…