Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended October 2012 down 0.19% on an asset weighted basis (-4.32% YTD) and up 0.12% on an equal weighted basis (-2.35% YTD).
Description
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.