Wed, Dec 13, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

Profiles - Canadian funds in Spartan's breeding ground perform within expectations in 2012

Gary K. Ostoich

Toronto, Canada-based alternative investment manager Spartan Fund Management Inc. reported that all of its six emerging manager hedge funds performed within expectations in 2012, based on their historical ranges, and despite encountering some challenges - as did most of the industry last year. Spartan was set up to help experienced emerging managers in Canada launch their strategy through a separate pooled fund.

Gary K. Ostoich, President of Spartan Fund Management told New Managers, "2012 proved to be another challenging year for many strategies in the hedge fund industry inside and outside Canada. At Spartan, our best performing strategies included our quant fund (Heaps), which was launched in March and finished the year over up 10%, and our short term momentum fund (ElevenFund), which in November completed its first year of operations up over 15% (a Top 20 performer in Canada). The strategy that struggled the most over the past year was our micro cap strategy (Teraz), which finished down over 9%, although outperforming the Canadian small cap venture index which was down over 17%. In all cases, our funds performed within the range of their historical correlation, performance, volatility and drawdown."

Canadian hedge funds suffered last year in general. The Globe and Mail reported that Canadian hedge funds had been the worst performers in 2012, with an average return of -5.2%. The Scotiabank Canadian Hedge Fund Index ended 2012......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  3. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  4. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans