Wed, Jan 17, 2018
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. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager