Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended February 2013 down 0.76% (0.70% YTD) on an asset weighted basis and declined 0.85% (0.39% YTD) on an equal weighted basis. |
The aim of the Scotiabank Canadian Hedge Fund Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds. The index includes both open and closed funds with a minimum AUM of C$15 million and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.