Canadian Hedge Funds Edge Up In April

May 21 2010 | 9:19am ET

Canadian hedge funds returned about 1% last month, more or less on pace with their peers to the south of the border and around the world.

The Scotia Canadian Hedge Fund Performance Index rose 1.02% in April and is up 4.37% on the year.

“In line with global peers, Canadian hedge fund managers made modest aggregate gains in April, and continue to maintain a cautious stance in light of uncertainty over the direction of capital markets,” Scotia Capital said.

Globally, hedge funds returned between 1% and 1.5%, according to several major hedge fund indices. By contrast, the Standard & Poor’s 500 Index rose 1.57% on the month, and is up 7.05% on the year, while the S&P TSX Composite, which tracks Canadian stocks, rose 1.44% in April and is up 3.96% on the year.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...