{"id":8876,"date":"2008-10-17T00:00:00","date_gmt":"2008-10-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-turn-in-september-to-forget","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-turn-in-september-to-forget.html","title":{"rendered":"Hedge funds turn in September to forget"},"content":{"rendered":"<p>Globe and Mail &#8211; Canadian hedge funds posted a brutal 11.2 per cent decline in September, losses that are likely to leave many investors questioning&nbsp;this expensive alternative asset strategy.<\/p>\n<p>The latest installment of the <a href=\"https:\/\/remote.globeandmail.ca\/analytics\/cgi-bin\/hedgefund\/,DanaInfo=.awxyCwhsvvusyqMq32+entry_screen.cgi\">Scotia Capital Canadian Hedge Fund Performance<\/a> shows these funds outperformed the S&amp;P\/TSX composite index last month &ndash; it was down 14.7 per cent. But mounting losses on funds sold to investors as market neutral, or absolute return, are going to translate into redemptions.<\/p>\n<p>&ldquo;September was an extremely challenging month for Canadian hedge fund managers who were largely unable to successfully navigate erratic price movements in stocks and falling energy prices,&rdquo; said Scotia Capital&#8217;s note on the sector&#8217;s performance. <\/p>\n<p>&ldquo;Panic selloffs in an environment driven by fear and uncertainty left major equity markets significantly down at the end of September,&rdquo; said the investment bank. Obviously, the market swings have become even more violent in October.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20081016.WBstreetwise20081016234436\/WBStory\/WBstreetwise\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; Canadian hedge funds posted a brutal 11.2 per cent decline in September, losses that are likely to leave many investors questioning&nbsp;this expensive alternative asset strategy. The latest installment of the Scotia Capital Canadian Hedge Fund Performance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2572,180,82,534,1507,3225,197,2445,81,421,1372,1248,2453,2295,2320,236],"class_list":["post-8876","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-academics","tag-accountant","tag-bets","tag-biannual-survey","tag-government-bond-index","tag-greenwich-connecticut","tag-housing-market","tag-mantra","tag-newcastle","tag-nutmeg","tag-rjr-nabisco","tag-scams","tag-security-prices","tag-smart-money","tag-stock-trader","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8876"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8876\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}