Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended June 2022, down -0.89% MOM on an asset-weighted basis and down -3.95% MOM on an equal-weighted basis. The comparable benchmark indices were both down for the month, with the S&P TSX 60 Total Return Index and S&P 500 Total Return Index posting decreases of -8.33% and -8.25% 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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