EDHEC, Canadian Indices Sink In July

Aug 21 2008 | 12:31pm ET

Hedge funds had a rough July, around the world and north of the border.

Just three of the 13 EDHEC Alternative Indexes were in positive ground last month, while Scotia Capital’s Hedge Fund Performance Index for Canada sank 8.61%.

Battered by the falling commodities markets, the EDHEC CTA Global index fell 3.38%, but remained the second-best performing strategy on the year at 9%.

On the brighter side, short-selling hedge funds—the best-performer on the year at 12.8%—were up 0.7%, merger arbitrage funds were up 0.27% (up 0.9% year-to-date) and fixed-income arbitrage funds were flat.

Only two other strategies have positive returns for the year: equity-market neutral at 1.8% and global macro at 1.1%. On the other side, last year’s best strategy, emerging markets, is this year’s worst, down 8.7%, and convertible arbitrage is down 5%.

Canadian hedge funds are up 1.26% on the year, according to Scotia.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note