Canadian Hedge Funds Melt In May

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%.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note