Sat, Apr 21, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its