RBC hedge fund index reports net return to date of 9.31%

By Lisa Kerner

Charlotte, N.C., Nov. 13 - RBC Capital Markets said the RBC Hedge 250 index had a net return of 2.49% for the month of October and a year-to-date return of 9.31%.

The returns are estimated and will be finalized in December. September's return has been finalized at 1.86%.

The RBC Hedge 250 index, comprised of some 250 hedge funds, is an investable benchmark of the performance of the hedge fund industry, according to an RBC news release.

Estimated returns for the month of October by category include:

• Convertible arbitrage, 1.11%;

• Equity market neutral, 0.68%;

• Fixed income arbitrage, 0.74%;

• Equity long/short, 3.08%;

• Macro, 2.60%;

• Managed futures, 4.33%;

• Credit, 1.64%;

• Mergers and special situations, 3.16%; and

• Multi-strategy 2.22%.

From July 1, 2005 through the end of September, the RBC Hedge 250 index has had an annualized net return of 10.43%, compared with other investable indexes averaging 7.19% and non-investable indexes averaging 12.83%, the release stated.

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