Canadian Hedge Funds Wilt In June

Jul 25 2013 | 9:54am ET

June was a tough month for hedge funds globally—but Canadian hedge funds had a particularly rough end to the first half.

The Scotiabank Canadian Hedge Fund Index dropped 2.07% last month on an asset-weighted basis. The drop wipes out the benchmark's year-to-date gains and leaves it down 2.02% through the first six months of the year.

June was the third straight losing month for the index, and its fourth out of six this year. And while the drop was worse than that suffered by the Standard & Poor's 500 Index on the month, it was only half the 4.12% June swoon that hit the S&P TSX Composite Index, which tracks Canadian stocks.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…