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Scotia Capital Canadian HF Index down -2.95% for March

Date: Thursday, April 17, 2008
Author: Scotia Capital

The Scotia Capital Canadian Hedge Fund Performance Index finished March 2008 down -2.95% on an asset weighted basis and down -2.12% on an equal weighted basis. The index underperformed both the TSX Composite and the S&P 500 index on both an asset weighted and equal weighted basis.

Continuing US recession fears, the collapse of Carlyle’s £11bn hedge fund, and the subsequent fire sale of Bear Stearns to JPMorgan sent shivers through the global credit and equity markets in March. Despite a late month commodity-driven rally, the TSX Composite finished March on a down note at -1.71%