Wednesday, 2 September 2015
Last updated 12 hours ago
Jun 17 2011 | 3:51am ET
The cruelest month came 30 days late to the Canadian hedge fund industry.
The country's hedge funds fell 2.59% last month, wiping out their year-to-date gains, the Scotia Capital Hedge Fund Performance Index shows. The average Canadian hedge fund is now down 0.13% for the year, on an asset-weighted basis.
Globally, hedge funds lost about 1.5% last month, according to several industry indices, and are up as much as 2% on the year.
On an equal-weighted basis, May looks less grim for Canadian funds, down just 1.15%, in line with global hedge fund indices. But through May, things actually look worse, with the Equal Weighted Scotia index down 0.53%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…