Opalesque - Scotiabank Canadian Hedge Fund Index ends August up 0.85% on asset-weighted basis (+8% YTD)

30.09.2021 Scotiabank Canadian Hedge Fund Index ends August up 0.85% on asset-weighted basis (+8% YTD)

Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended the month up 0.85% MOM on an asset-weighted basis and up 0.71% MOM on an equal-weighted basis.

The comparable benchmark indices were both up over the month with the S&P TSX 60 Total Return Index and S&P 500 Total Return Index posting gains of 1.40% and 3.04% respectively.

The Scotiabank Canadian Hedge Fund Index provides a comprehensive overview of the Canadian Hedge Fund universe. Returns are calculated using an equal-weighting and an asset-based weighting of the funds. The index includes open and closed funds with a minimum AUM of C$15 million and a 12-month track record, that are managed by Canadian-domiciled managers.

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