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Hedge funds return 6.82% year-to-date, says RBC Capital Markets

Date: Wednesday, August 15, 2007
Author: James Langton, Investment Executive

RBC Capital Markets reports that for the month of July, the RBC Hedge 250 Index had a net return of minus 0.14%, leaving hedge fund returns on the year at just under 7%.

This modest negative return brings the year-to-date return of the index to 6.82%. These returns are estimated and will be finalized by the middle of next month. The return for June has been finalized at 0.57%.

The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry, comprised of more than 250 actual hedge funds. The universe on which the index is based currently consists of 5,816 hedge funds (excludes funds of hedge funds) with aggregate assets under management of US$1.517 trillion.

Since its inception on July 1, 2005 through the end of June, the RBC Hedge 250 Index has had an annualized net return of 11.97%. It reports that, over the same period, other investable indices have averaged 9.12%, and non-investable indices have averaged 14.00%, according to information reported by the sponsors of those indices.