RBC Hedge 250 index reports 1.02% April return

By Lisa Kerner

Charlotte, N.C., May 14 - RBC Capital Markets said the RBC Hedge 250 index reported a net return of 1.02% for the month of April, bringing the year-to-date return of the index to negative 2.48%.

The returns are estimated and will be finalized in June.

March's return has been finalized at negative 2.55%.

The RBC Hedge 250 index, comprised of more than 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 April by category include:

• Convertible arbitrage, 1.12%;

• Equity market neutral, 0.81%;

• Fixed income arbitrage, 1.29%;

• Equity long/short, 1.65%;

• Macro, 1.25%;

• Managed futures, negative 1.21%;

• Credit, 0.46%;

• Mergers and special situations, 1.91%; and

• Multi-strategy, 0.76%.

From July 1, 2005 through the end of March, the RBC Hedge 250 index has had an annualized net return of 7.64%, compared with other investable indexes averaging 4.35% and non-investable indexes averaging 9.78%, the release stated.

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