Wed, Jul 29, 2015
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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner