RBC Hedge 250 Index(R) returned 0.50 per cent in December 2007

Year-to-date performance is 8.27 per cent

NEW YORK, Jan. 15 /PRNewswire-FirstCall/ - RBC Capital Markets today
reported that for the month of December 2007 the RBC Hedge 250 Index(R) had a
net return of 0.50 per cent. This brings the year-to-date return of the Index
to 8.27 per cent. These returns are estimated and will be finalized by the
middle of next month. The return for November 2007 has been finalized at -1.50
per cent.
The RBC Hedge 250 Index is an investable benchmark of the performance of
the hedge fund industry. The Index operates in accordance with a unique
construction methodology. Comprised of more than 250 actual hedge funds, the
RBC Hedge 250 Index is positioned as the industry's most diversified and
representative investable index. The Universe on which the Index is based
currently consists of 5,841 hedge funds (excludes funds of hedge funds) with
aggregate assets under management of $1.650 trillion.
Since its inception on July 1, 2005 through the end of November 2007, the
RBC Hedge 250 Index has had an annualized net return of 10.13 per cent. In
comparison, over the same period, other investable indices have averaged 6.65
per cent while non-investable indices have averaged 12.40 per cent, according
to information reported by the sponsors of those indices.
For more information about the RBC Hedge 250 Index, including historical
performance information, please visit www.rbchedge250.com.
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Index Level Dec-07 Nov-07 YTD ITD
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RBC Hedge 250 126.89 0.50% -1.50% 8.27% 26.89%
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Relative Value
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Convertible Arbitrage -1.21% -2.31% -0.09% 20.25%
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Equity Market Neutral -0.65% -0.16% 7.28% 13.52%
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Fixed Income Arbitrage 1.21% -0.67% 8.22% 17.91%
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Tactical
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Equity Long/Short 1.09% -1.13% 12.83% 39.05%
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Macro 1.88% -1.14% 4.06% 13.29%
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Managed Futures 0.11% 0.37% 11.65% 32.32%
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Event Driven
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Credit 0.00% -1.62% 5.64% 25.20%
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Mergers & Special Situations 0.03% -3.26% 8.90% 28.84%
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Multi-Strategy
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Multi-Strategy 0.06% -1.85% 8.38% 32.47%
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Table contains estimated returns, except for the November returns, which
are final.
Inception Date is July 1, 2005. Index Level at inception was 100.00.

About RBC's Alternative Assets Group

For the past 10 years, 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 RBC 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. middle market
investment banking franchise. Bloomberg ranks the firm as one of the Top 20
investment banks globally.
Past performance is not necessarily indicative of future returns.
Performance data for the RBC Hedge 250 Index(R) (the "Index") is net of
underlying manager fees and an Index Fee as set forth in the Index
administration rules (the "Index Rules"), and gross of any product fees. The
Index composition is based on the Index Rules which are subject to change at
any time and from time to time subject to Index Committee approval. Index
funds may be added or removed, and allocations among funds, sectors and
strategies may be changed, based upon the criteria set forth in the Index
Rules. Implementation of the Index Rules in certain circumstances may involve
the exercise of discretion. Inclusion of a hedge fund, sector or strategy in
the Index does not represent an endorsement by RBC as to the investment merits
of the fund, sector or strategy. Statements as to diversification and
representative nature reflect RBC Capital Markets' opinion based on a
comparison of the RBC Hedge 250 Index with other major investable hedge fund
indices across a combination of factors, which include the number of hedge
funds included in the index, the methodology used to weight strategies and
funds, and the performance of the index versus the non-investable hedge fund
indices. This material is not intended as investment advice, or as an offer or
solicitation for the purchase or sale of any security or other financial
instrument. For further information on composition, fees and administration of
the Index, see the Index Rules.
Certain statements in this Press Release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. RBC assumes no obligation to update these
forward-looking statements to reflect actual results, changes in assumption or
changes in other factors affecting such forward-looking statements.
SOURCE RBC

In the U.S.: Kevin Foster, RBC Capital Markets, (212) 428-6902,
kevin.foster@rbccm.com; Loretta Healy, The Hubbell Group, Inc., (781)
878-8882, llhealy@hubbellgroup.com; In the U.K.: Louisa Fairman at 20 7029
7821 or louisa.fairman@rbccm.com