Canadian Hedge Funds Inch Lower In May

Jun 27 2013 | 9:55am ET

Canadian hedge funds were in the red last month, if only barely.

The Scotiabank Canadian Hedge Fund Index fell 0.08% in May, Scotia Capital said. The benchmark is up just 0.06% on the year.

By contrast, Canadian stocks are up 1.74% through May, according to the Standard & Poor's TSX Composite Index.

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