Thu, May 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Canadian hedge funds up 0.65% in January on broader equity markets rally

Wednesday, February 22, 2012

From Komfie Manalo, Opalesque Asia: The rally of the broader equity markets in January helped push Canadian hedge funds to start the year on a positive note as the Scotia Capital Canadian Hedge Fund Performance Index gained +0.65% on an asset-weighted basis last month and was up +1.24% on an equal-weighted basis.

The gains in January was a reversal of Canadian hedge funds performance in 2011 after the Scotia Capital Canadian Hedge Fund Performance Index ended that year down -3.8% on an asset-weighted basis (which gives the biggest funds more weighting). On an equal-weighted basis, it was down -9.2%. That's the second-worst annual performance since 2005 -- with only 2008 much worse.

In its monthly report for January 2012, the Scotia Bank, which compiled the index, said the strong 2012 start was an indication of that the market volatility that hit the markets in 2011 has subside. However, it added that the Canadian index underperformed the broader equities and global hedge fund peers on both asset and equal weighted bases.

Scotia Bank said in a statement that key themes driving performance included a continued improvement in US economic indicators, better than expected indicato......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year