RBC Hedge 250 index records negative 1.46% November return

By Lisa Kerner

Charlotte, N.C., Dec. 12 - RBC Capital Markets said the RBC Hedge 250 index had a net return of negative 1.46% for the month of November, bringing the year-to-date return of the index to 7.78%.

The returns are estimated and will be finalized in January.

October's return was finalized at 2.55%.

The RBC Hedge 250 index, comprised of some 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 November by category include:

• Convertible arbitrage, negative 2.07%;

• Equity market neutral, negative 0.15%;

• Fixed income arbitrage, negative 0.64%;

• Equity long/short, negative 1.02%;

• Macro, negative 1.19%;

• Managed futures, 0.35%;

• Credit, negative 1.42%;

• Mergers and special situations, negative 3.11%; and

• Multi-strategy, negative 1.75%.

From July 1, 2005 through the end of October 2007, the index has had an annualized net return of 11.23%, compared with other investable indexes averaging 7.87% and non-investable indexes averaging 13.71%, the release stated.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.