Wednesday, 1 July 2015
Last updated 1 hour 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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…