Sun, Mar 1, 2015
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 finishes February 2010 +1.18% (+1.50% YTD)

Wednesday, March 17, 2010
Opalesque Industry Updates - The Scotia Capital Canadian Hedge Fund Performance Index finished February 2010 up 1.18% on an asset weighted basis and up 1.24% on an equal weighted basis. The Index underperformed North American equities, but outperformed broader hedge fund indices both on an asset and equal weighted basis.

Global equities were mixed in February, as North American equities outperformed European counterparts. After dipping in the initial part of the month, North American equities rallied back strongly to finish February in positive territory, gaining back nearly all of January’s losses. Key themes impacting capital markets in month included ongoing concern over Greece’s financial situation, whether it may spread to other EU members, and how the EU is navigating through the uncertainty. Further market motifs driving February performance were stabilizing economic data, stronger than expected corporate earnings results for Q4, and a slight pick-up in M&A. All ten sectors in Canada posted monthly gains, as the tech sector led the TSX’s 4.83% February rebound, with further contribution from materials and telecom. Commodities generally rallied in February: most benefitted from the stabilization of economic data and followed suit with oil’s climb.

In line with their global hedge fund peers, Canadian managers’ aggregate February gains were somewhat muted vis-à-vis North American equities markets due to ongoing overall defensive positioning. Canadian managers generally found the February trading environment to be favourable and less volatile than in January, and took advantage of trending in FX and fixed income markets. Nimble equity-focussed, trading-oriented strategies also posted overall positive results on the month. Performance chart available: Source

kb

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie