The RBC Hedge 250 Index fell by 0.94 per cent in June and is down 0.56 per cent year-to-date.

The returns are estimated and will be finalised by the middle of next month. The loss for May 2010 has been finalised at 2.33 per cent.

Just two strategies had positive performances in June. Fixed income arbitrage gained 0.75 per cent and managed futures gained 0.69 per cent.

The worst performing strategy was mergers and special situations, which was down 1.91 per cent.

The RBC Hedge 250 Index is an investable benchmark of the performance of the hedge fund industry.