Monday, 22 December 2014
Last updated 6 hours ago
Jan 20 2012 | 11:04am ET
U.S. hedge funds had a tough 2011 and the year was no kinder to their counterparts in the Great White North.
The Scotia Capital Canadian Hedge Fund Performance Index ended the year down 3.8% on an asset-weighted basis and down 9.2% on an equal-weighted basis.
To put that in perspective: It’s the second-worst annual performance since 2005. And the only worse year was the annus horribilis 2008.
On the other hand, the indexes did outperform Canadian equities: the Standard & Poor's/TSX Composite shed 11% in 2011.
Scotia Capital is not holding out much hope for a better 2012: "Managers cautiously anticipate the New Year to bring further uncertainty and challenges to the trading environment."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.