Friday, 26 December 2014
Last updated 2 days ago
Oct 15 2009 | 9:43am ET
Hedge funds rose 2.2% last month, according to new figures from RBC Capital Markets.
The RBC Hedge 250 Index was paced by strong returns from event-driven credit and equity long/short funds. The former rose 3.85% in September (17.49% year-to-date) while the latter added 2.7% (23.42% YTD). The overall index is up 17.44% this year.
Fixed-income arbitrage funds also put in a strong month, rising 2.67% (17.26% YTD). Managed futures funds added 2.17% (3.97% YTD), mergers and special situations funds 2.15% (26.3% YTD) and multi-strategy funds 1.82% (12.42% YTD).
The year’s best-performing strategy, convertible arbitrage, trailed its peers in September with a return of just 1.1%. Despite that, and its 0.39% decline last month, it remains far-and-away the strongest strategy of 2009 with a 60.08% return.
Just one of the RBC index’s substrategies lost ground last month: equity market-neutral, which fell 1.18% on the month, but is up 1.99% on the year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.