Canadian Hedge Fund Up 80% This Year

Aug 14 2008 | 10:41am ET

Sextant Capital Management is enjoying a boffo year—possibly the best of any hedge fund firm in Canada.

The Toronto firm’s Sextant Strategies Opportunities-A fund is the best-performing hedge fund in Canada this year, according to the Globe and Mail. The fund has returned 80.4% this year, thanks almost entirely to an incredible 73.5% return last month.

“We had a few calls from people who wanted to make sure the number was right,” Sextant’s Otto Spork told the newspaper. “And it is.”

Spork said shorts on a variety of commodities, including oil, gold and silver, helped power July’s eye-popping gains. Sextant is also shorting the euro, but has since cut back on or eliminated all of those shorts.

“We are still very bullish on the commodities,” he told the paper.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...