RBC Capital Markets says that for the month of February 2007 the RBC Hedge 250 Index had a net return of 0.78 percent. This brings the year-to-date return of the Index to 1.98 percent. These returns are estimated and will be finalised by the middle of next month. The return for January 2007 has been finalised at 1.19 percent.
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 5,688 hedge funds (excludes funds of hedge funds) with aggregate assets under management of USD1.281 trillion.