Sun, May 1, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n