RBC Hedge 250 Index Performed Frugally In December 2008

According to RBC Capital Markets' statistics for December 2008 the RBC Hedge 250 Index(R) had a net return of 0.35%. This brings the year to date return of the Index to 21.01%. These returns are estimated and will be finalized

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According to RBC Capital Markets’ statistics for December 2008 the RBC Hedge 250 Index(R) had a net return of -0.35%. This brings the year-to-date return of the Index to -21.01%. These returns are estimated and will be finalized by the middle of next month. The return for November 2008 has been finalized at -2.18%.

The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry. The Index is comprised of more than 250 actual hedge funds. The Universe on which the Index is based currently consists of 5,865 hedge funds (excludes funds of hedge funds) with aggregate assets under management of $1.356 trillion.

Since its inception on 1 July 2005 through the end of November 2008, the RBC Hedge 250 Index has had an annualized net return of 0.16%. In comparison, over the same period, other investable indices have averaged -2.53% while non-investable indices have averaged 1.95%.

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