Canada: Commodities rollercoaster for Canadian funds

Thu Apr 23, 2009

Barry Cohen, special reports editor, HedgeFund Intelligence

Like its counterparts throughout the rest of the world, the Canadian hedge fund industry suffered a severe blow as a result of the global financial meltdown. Overall assets, which stood at $37.4 billion at the start of 2008, are estimated to have fallen below $20 billion. However, according to the Alternative Investment Management Association of Canada, the actual number of managers and firms has remained steady – so far – as launches have compensated for those funds which were forced to close.

The HedgeFund Intelligence database estimates that the 96 Canadian hedge funds which it monitors delivered a mean return of -13.48% in 2008. Historically, the dominant hedge fund strategy has been long/short equity with a particular emphasis on commodity and resource funds. Given the devastation of the...

ISSN: 2151-1845 / CDC10004H

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