Opalesque Industry Update - RBC Capital Markets today reported that for the month of July 2011 the RBC Hedge 250 Index had a net return of 0.29 per cent. This brings the year-to-date return of the Index to 0.93 per cent. These returns are estimated and will be finalized by the middle of next month. The return for June 2011 has been finalized at -1.16 per cent.|
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry. The Index operates in accordance with a unique construction methodology. The Universe on which the Index is based currently consists of 4,138 hedge funds (excludes funds of hedge funds) with aggregate assets under management of $1.043 trillion.
About RBC's Alternative Assets Group
Since its inception in 1997, RBC's Alternative Assets Group has created structured products referencing portfolios of hedge funds. It holds investments in over 1,200 hedge funds. AAG is the oldest dedicated group in the industry and has developed a significant infrastructure and extensive experience in the areas of fund due diligence, risk analysis, transaction execution, and portfolio administration and valuation.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of Royal Bank of Canada and is active globally in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American platform includes leading equity, underwriting, sales, trading and research businesses and a significant U.S. investment banking franchise...Full performance table:Source