Canadian Hedge Funds Fall Slightly In March

Apr 20 2011 | 1:10pm ET

Canadian hedge funds did no better—nor worse—than their global counterparts in March.

The average Canadian fund lost 0.09% last month on an asset-weighted basis, the Scotia Canadian Hedge Fund Performance Index shows. The benchmark is up 1.09% on the year, about half the returns posted by global indices for the first quarter, and well behind both the Canadian and U.S. stock markets, which are up in excess of 5%.

On an equal-weighted basis, things are even more grim: That index lost 0.7% in March and is up just 0.83% through the first three months of the year.


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