Scotiabank Canadian Hedge Fund Index Off Mildly In February
The Scotiabank Canadian Hedge Fund Index ended February 2020 down -2.22% on an equal weighted basis, bringing the index into the red for the year at -1.77%.
Managed futures strategies provided positive returns in February, up +0.85% on an equal weighted basis, pushing year to date gains to +0.98%. Offseting the positivity were Global Macro funds, down -7.27%, and Equity, down -2.56%m again on an equal weighted basis.
The index includes both open and closed funds with a minimum AUM of C$15 million and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.
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