The index operates comprises more than 250 hedge funds, selected from a universe of 5,766 hedge funds (excluding funds of hedge funds) with aggregate assets under management of $1.463 trillion.Between its inception on July 1 2005 until the end of May 2007, the index has had an annualised net return of 12.19%, which RBC compares to an average of 9.10% from other investable funds; non-investable indices have averaged 14.03%, according to information reported by the sponsors of those indices.
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