RBC Capital Markets today reported that for the month of October 2009 the RBC Hedge 250 Index(R) had a net return of -0.25 percent. This brings the year-to-date return of the Index to 17.20 percent. These returns are estimated and will be finalized by the middle of next month. The return for September 2009 has been finalized at 2.25 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 approximately 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 5,153 hedge funds (excludes funds of hedge funds) with aggregate assets under management of $935 billion.
Since its inception on July 1, 2005 through the end of September 2009, the RBC Hedge 250 Index has had an annualized net return of 3.85 percent. In comparison, over the same period, other investable indices have averaged -0.30 percent while non-investable indices have averaged 5.66 percent, according to information reported by the sponsors of those indices.