Tuesday, 5 May 2015
Last updated 5 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…