West Palm Beach (HedgeCo.Net)- RBC Capital Markets reported that the RBC Hedge 250 Index for the month of June 2007 had a net return of 0.61%, bringing the year-to-date return of the Index to 7.02%.
The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry. These returns are estimated and will be finalized by the middle of next month. The return for May 2007 has been finalized at 1.72%.
Comprised of more than 250 actual hedge funds, the RBC Hedge 250 Index is one of the industry’s most diversified and representative investable index. The Universe on which the Index is based currently consists of 5,766 hedge funds (excludes funds of hedge funds) with aggregate assets under management of $1.463 trillion.
Since its inception on July 1, 2005 through the end of May 2007, the RBC Hedge 250 Index has had an annualized net return of 12.19%. In comparison, over the same period, other investable indices have averaged 9.10% while non-investable indices have averaged 14.03%, according to information reported by the sponsors of those indices.
Alex Akesson
Editor
HedgeCo.Net
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