The RBC Hedge 250 Index had an estimated net return of 2.10 per cent in July, bringing the year-to-date return of the index to 13.04 per cent.
The RBC Hedge 250 Index had an estimated net return of 2.10 per cent in July, bringing the year-to-date return of the index to 13.04 per cent.
The return for June 2009 has been finalised at 0.33 per cent.
All strategies posted positive returns in July. The best performing strategy was convertible arbitrage, which returned 3.81 per cent in July, bringing YTD performance to 57.55 per cent.
Credit (3.11 per cent), fixed income arbitrage (2.28 per cent), mergers and special situations (2.48 per cent), multi-strategy (2.17 per cent) and equity long/short (2.12 per cent) also posted strong returns.
Meanwhile, equity market neutral returned 1.28 per cent in July, while macro posted 1.46 per cent and manahed futures 0.73 per cent.
The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry, comprised of approximately 250 actual hedge funds. The universe on which the index is based currently consists of 5,242 hedge funds (excludes funds of hedge funds) with aggregate assets under management of USD952bn.
Since its inception on 1 July 2005 through the end of June 2009, the RBC Hedge 250 Index has had an annualized net return of 2.56 per cent. Over the same period, other investable indices have averaged -1.44 per cent while non-investable indices have averaged 4.25 per cent, according to information reported by the sponsors of those indices.
