Tue, Mar 31, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner