The RBC Hedge 250 Index rose by 0.90 per cent in July 2010, bringing the year-to-date return of the index to 0.25 per cent.

These returns are estimated and will be finalised by the middle of next month. In June 2010 the index fell by 1.02 per cent.

The best performing strategy in July was mergers and special situations, which gained 2.64 per cent, followed by convertible arbitrage, up 2.13 per cent.

The worst performing strategy was managed futures, down 0.43 per cent.   

The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry. The universe on which the Index is based currently consists of 5,382 hedge funds with aggregate assets under management of USD977bn.

Since its inception on 1 July 2005 through the end of June 2010, the RBC Hedge 250 Index has had an annualised net return of 3.44 per cent.