Sunday, 5 July 2015
Last updated 1 day ago
Aug 17 2009 | 2:56am ET
Hedge funds heated up along with the weather in July, according to RBC Capital Markets.
The average hedge fund is up 13.04% on the year, according to the RBC Hedge 250 Index, after last month’s estimated 2.1% jump. Convertible arbitrage funds once again led the way, rising 3.81% on the month. The strategy is now up an eye-popping 57.55% on the year.
Event-driven credit funds were the second-best performing strategy in July with a 3.11% jump (9.48% year-to-date), following by mergers and special situations (2.48% in July, 20.9% YTD) and fixed-income arbitrage (2.28%, 10.81% YTD).
Multi-strategy funds added 2.17% last month (8.48% YTD), equity long/short 2.12% (18.4% YTD), macro 1.46% (4.28% YTD), equity market-neutral 1.28% (2.51% YTD) and managed futures 0.73% (1.42% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…