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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...