Sun, Feb 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Scotia Capital Canadian Hedge Fund Performance Index up 3.69% in October, 13.18% YTD

Tuesday, November 16, 2010
Opalesque Industry Update - The Scotia Capital Canadian Hedge Fund Performance Index finished October 2010 up 3.69% on an asset weighted basis and up 2.80% on an equal weighted basis. The Index performed in line with broader equities, and outperformed broader hedge fund indices on both an asset and equal weighted basis.

Broader capital markets continued to rally in October. Stable macroeconomic indicators, generally favourable Q3 earnings results and expectations for an ongoing low interest rate environment kept market participants’ attention geared towards risky assets. In the US, the S&P 500 rallied 3.69%, with gains in nine of ten sectors, led by materials, IT, and energy. Canada’s S&P/TSX posted gains of 2.49%, also with nine of ten sectors contributing positively. In Canada, materials, financials and energy led the northern rally. Commodities rallied against weakness in the USD, notwithstanding some intra-month volatility following China’s move to slightly raise interest rates for the first time in three years. Market participants’ anticipation of an ongoing low interest rate environment contributed to further strength in gold, which hit more new record highs in October, as well as in other precious metals. Oil and energy related commodities also rallied. Most Canadian hedge funds benefitted from the market rallies in October. The best performers were those with nimbler strategies who took advantage of the markets’ upswing by way of selective stock-picking and expressing macro views. In aggregate, Canadian hedge fund managers continue to maintain a relatively cautious stance and low net exposures.

(press release)

Description
The aim of the Scotia Capital Canadian Hedge Fund Performance Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds. The index includes both open and closed funds with a minimum AUM of C$15 million and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers...Corporate website:Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed