Thursday, 30 July 2015
Last updated 18 min ago
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.
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…