Tue, Feb 28, 2017
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. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  2. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  3. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  4. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  5. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d