RBC Hedge 250 Index(R) returned 2.49 per cent in October 2007

Date: Wednesday, November 14, 2007
Author: RBC Capital Markets

                 Year-to-date performance is 9.31 per cent

    NEW YORK, Nov. 13 /PRNewswire-FirstCall/ - RBC Capital Markets today
reported that for the month of October 2007 the RBC Hedge 250 Index(R) had
a net return of 2.49 per cent. This brings the year-to-date return of the
Index to 9.31 per cent. These returns are estimated and will be finalized
by the middle of next month. The return for September 2007 has been
finalized at 1.86 per cent.
    The RBC Hedge 250 Index is an investable benchmark of the performance
of the hedge fund industry. The Index operates in accordance with a unique
construction methodology. Comprised of more than 250 actual hedge funds,
the RBC Hedge 250 Index is positioned as the industry's most diversified
and representative investable index. The Universe on which the Index is
based currently consists of 5,784 hedge funds (excludes funds of hedge
funds) with aggregate assets under management of $1.580 trillion.
    Since its inception on July 1, 2005 through the end of September 2007,
the RBC Hedge 250 Index has had an annualized net return of 10.43 per cent.
In comparison, over the same period, other investable indices have averaged
7.19 per cent while non-investable indices have averaged 12.83 per cent,
according to information reported by the sponsors of those indices.
    For more information about the RBC Hedge 250 Index, including
historical performance information, please visit http://www.rbchedge250.com.
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                         Index Level    Oct-07    Sep-07       YTD       ITD
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    RBC Hedge 250             128.11     2.49%     1.86%     9.31%     28.11%
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    Relative Value
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    Convertible Arbitrage                1.11%     1.70%     3.37%     24.41%
    Equity Market Neutral                0.68%     0.43%     7.27%     13.51%
    Fixed Income Arbitrage               0.74%     1.84%     7.51%     17.13%
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    Tactical
    -------------------------------------------------------------------------
    Equity Long/Short                    3.08%     2.28%    12.83%     39.06%
    Macro                                2.60%     2.62%     3.39%     12.57%
    Managed Futures                      4.33%     4.39%    11.12%     31.69%
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    Event Driven
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    Credit                               1.64%     1.30%     7.44%     27.34%
    Mergers & Special Situations         3.16%     1.10%    12.64%     33.27%
    -------------------------------------------------------------------------
    Multi-Strategy
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    Multi-Strategy                       2.22%     1.30%    10.35%     34.88%
    -------------------------------------------------------------------------
    Table contains estimated returns, except for the September returns, which
    are final.
    Inception Date is July 1, 2005. Index Level at inception was 100.00.

    About RBC's Alternative Assets Group
    For the past 10 years, RBC's Alternative Assets Group has created
structured products referencing portfolios of hedge funds. It holds
investments in over 1,200 hedge funds. AAG is the oldest dedicated group in
the industry and has developed a significant infrastructure and extensive
experience in the areas of fund due diligence, risk analysis, transaction
execution, and portfolio administration and valuation.
    About RBC Capital Markets
    RBC Capital Markets is the corporate and investment banking arm of RBC
and is active globally in debt origination, sales and trading, foreign
exchange, infrastructure finance, structured products, metals and mining,
and energy. Its North American platform includes leading equity,
underwriting, sales, trading and research businesses and a significant U.S.
middle market investment banking franchise. Bloomberg ranks the firm as one
of the Top 20 investment banks globally.
    Past performance is not necessarily indicative of future returns.
Performance data for the RBC Hedge 250 Index(R) (the "Index") is net of
underlying manager fees and an Index Fee as set forth in the Index
administration rules (the "Index Rules"), and gross of any product fees.
The Index composition is based on the Index Rules which are subject to
change at any time and from time to time subject to Index Committee
approval. Index funds may be added or removed, and allocations among funds,
sectors and strategies may be changed, based upon the criteria set forth in
the Index Rules. Implementation of the Index Rules in certain circumstances
may involve the exercise of discretion. Inclusion of a hedge fund, sector
or strategy in the Index does not represent an endorsement by RBC as to the
investment merits of the fund, sector or strategy. Statements as to
diversification and representative nature reflect RBC Capital Markets'
opinion based on a comparison of the RBC Hedge 250 Index with other major
investable hedge fund indices across a combination of factors, which
include the number of hedge funds included in the index, the methodology
used to weight strategies and funds, and the performance of the index
versus the non-investable hedge fund indices. This material is not intended
as investment advice, or as an offer or solicitation for the purchase or
sale of any security or other financial instrument. For further information
on composition, fees and administration of the Index, see the Index Rules.
    Certain statements in this Press Release constitute "forward looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. RBC assumes no obligation to update these
forward looking statements to reflect actual results, changes in assumption
or changes in other factors affecting such forward looking statements.