Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Scotia Capital Index (Asset Weighted) up 1.02% in April, 4.37% YTD

Wednesday, May 19, 2010
The Scotia Capital Canadian Hedge Fund Performance Index finished April 2010 up 1.02% on an asset weighted basis and up 0.68% on an equal weighted basis. The Index performed in line with North American equities and broader hedge fund indices on an asset weighted basis.

Global capital markets posted mixed results in April. The Greek debt crisis continued to dominate headlines, and European equity markets sold off significantly as market volatility surged and investors expressed concern over potential contagion into other Euro zone countries. North American equities also experienced a mid-month sell off, following on from the SEC’s charges against Goldman Sachs. The S&P500 closed April up 1.48%. Sector performance was mixed, ranging from strong gains in consumer discretionary to sharp declines in health care.

In Canada, the TSX advanced 1.44%. Canadian materials, energy and telecom stocks were the top contributors with sharp declines in consumer staples, utilities and IT. Commodities rallied in April, with gold rising sharply by 5.92% and oil gaining 2.85%.

In FX, the CAD reached parity with the USD briefly on April 6, in investor anticipation of a Bank of Canada rate hike later in the month that did not take place. The USD finished April with slight gains versus the CAD and JPY, and significant gains versus the EUR, while declining versus the GBP.

In line with global peers, Canadian hedge fund managers made modest aggregate gains in April, and continue to maintain a cautious stance in light of uncertainty over the direction of capital markets.

Full performance table and chart: Source

The April 2010 report can be accessed here: Source


Bg

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner