Barry Cohen, special reports editor, HedgeFund Intelligence
Canada’s 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 year’s strong asset flow.
As an indicator of the...