Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended February 2012 down -0.35% on an asset weighted basis and up 0.59% on an equal weighted basis.|
Broader equity markets continued to rise in February. The rally in US equities continued as the S&P500 posted an increase of 4.06% and 8.59% for the year. Performance was relatively strong across most sectors in the US as interest rates remained low. Canadian equity markets also saw a rise, with positive gains of 1.54% for the month. Canadian hedge funds posted mixed results while manager performance was generally distributed within a narrow range for the month of February.