Canadian Hedge Funds Lag March Market Rally

Apr 21 2010 | 2:19am ET

Canadian hedge fund fared no better than their American counterparts last month, badly trailing the market rally.

The Scotia Canadian Hedge Fund Performance Index rose 1.78% last month. On an equal-weighted basis, the return was a good deal lower, at 1.33%. Globally, hedge funds returned between 2% and 3%, on average.

Unfortunately for Canada’s hedge funds, Canadian stocks did even better in March, with the TSX index adding 3.51%. The Standard & Poor’s 500 Index rose 5.88% last month.

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    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…