Barry Cohen, special reports editor, HedgeFund
Canadas relatively young hedge fund industry grew
significantly during 2007 on the back of substantial asset
flows and an influx of talented managers starting up new funds.
Whereas total hedge fund assets at the end of 2006 amounted to
around $30 billion, by mid-2007 they had leaped to $37.4
billion, according to a major study of the domestic industry,
conducted by the Toronto-based consultancy Investor Economics.
The industry now boasts 120 hedge fund firms with fund of funds
managers accounting for 65 funds, compared to 206
single-manager funds, the main beneficiaries of last
years strong asset flow.
As an indicator of the...