| Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended November 2020 up 0.81% MOM on an asset-weighted basis (8.20% YTD) and up
4.52% MOM on an equal-weighted basis (11% YTD).

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.
Press release Bg
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