The RBC Hedge 250 Index enjoyed a net return of 2.49 per cent in October, according to RBC Capital Markets.
The RBC Hedge 250 Index enjoyed a net return of 2.49 per cent in October, according to RBC Capital Markets. With the return for September finalised at 1.86 per cent, the index is up 9.31 per cent over the first 10 months of this year.
The RBC Hedge 250 Index is an investible benchmark of the performance of the hedge fund industry, comprising more than 250 actual hedge funds. The index universe currently consists of 5,784 hedge funds (it excludes funds of hedge funds) with aggregate assets under management of nearly USD1.6trn.
Between its launch in July 2005 and the end of September this year, according to RBC Capital Markets, the index delivered an annualised net return of 10.43 per cent, compared with an average of 7.19 per cent for other investible indices and 12.83 per cent for non-investible indices.
The RBC Hedge 250 Index is designed to be a representative, investible benchmark of the performance of the hedge fund asset class, with diversification nearly 260 hedge funds and nine distinct strategies, asset-weighted by strategy and approximately equally-weighted initially by hedge fund.
For the past 10 years, RBC’s alternative assets group has created structured products referencing portfolios of hedge funds and holds investments in more than 1,200 hedge funds. RBC Capital Markets is the corporate and investment banking arm of RBC and is active globally in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining and energy.