RBC Hedge 250 Index returned 0.50 per cent in December

Date: Monday, January 28, 2008
Author: Hedgeweek.com

RBC Capital Markets has reported provisional figures indicating that the RBC Hedge 250 Index had a net return of 0.50 per cent in December, bringing the full-year return of the index to 8.27 per cent.

The RBC Hedge 250 Index is an investible benchmark of the performance of the hedge fund industry. The December returns are estimated and will be finalised by the middle of February. The index performance for November has been finalised at a decline of 1.50 per cent.

Comprising more than 250 actual hedge funds, the index is billed by RBC Capital Markets as the industry's most diversified and representative investible index. The universe on which the index is based currently consists of 5,841 hedge funds (excluding funds of hedge funds) with aggregate assets under management of USD1.65trn.

Between its launch on July 1, 2005 and to the end of November last year, the RBC Hedge 250 Index delivered an annualised net return of 10.13 per cent. RBC says that over the same period, other investible indices have averaged 6.65 per cent while non-investible indices have averaged 12.40 per cent, according to information provided by the index sponsors.