Opalesque - Scotiabank Canada Hedge fund ends October down 0.8% (+7.4% YTD) on asset-weighted basis

29.11.2021 Scotiabank Canada Hedge fund ends October down 0.8% (+7.4% YTD) on asset-weighted basis

Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended October 2021, down -0.86% MOM on an asset-weighted basis and up 0.62% MOM on an equal-weighted basis.

The comparable benchmark indices were both up for the month with the S&P TSX 60 Total Return Index and S&P 500 Total Return Index posting increases of 5.38% and 7.01% 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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