RBC Hedge Fund Index Gains 1.29% In October

Nov 17 2011 | 7:44am ET

The RBC Hedge 250 Index added an estimated 1.29% in October 2011, putting its year-to-date return at minus 2.22%.

The gain marks a return to the black for the index which lost 2.04% in September.
The Royal Bank of Canada index is non-investable and based upon a universe of 4,219 hedge funds (excluding funds of hedge funds) with aggregate assets under management of $1.047 trillion.

The best performing strategies in October were convertible arbitrage, up 3.83%; mergers and special situations, up 3.65%; and equity long/short, up 3.26%.

Equity market neutral funds gained 1.93%, multi-strategy funds were up 1.44% and credit funds up 0.88%.

October’s only losers were managed futures, down 3.77%; fixed income arbitrage, down 0.98%; and macro, down 0.49%

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