Canadian Hedge Funds Fall In 2011

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."


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.