Fri, Mar 24, 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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He