Oh, Canada: Country's Hedge Funds Are Worst In The World

Feb 13 2013 | 1:06pm ET

Canada punches above its weight internationally in a lot of areas. Last year, hedge funds were not among them.

Canadian hedge funds were, on average, the worst in the world in 2012, TrimTabs Investment Research and BarclayHedge report. The average return was a 5.2% loss, while the average hedge fund globally rose 8.5%. The loss came even as Canadian stocks rallied, if not quite as spectacularly as U.S. stocks, with the S&P/TSX Composite Index rising 7.2% last year.

The world's best hedge funds resided on the other side of the world from Toronto: Chinese- and Hong Kong-based funds returned an average of 16.3% last year.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 
Error

From the current issue of