Monday, 28 July 2014
Last updated 5 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%.
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…