The Scotiabank Canadian Hedge Fund Index ended April 2012 down 2.99% on an asset weighted basis and down 1.86% on an equal weighted basis.

The aim of the Scotiabank Canadian Hedge Fund Index is to provide a comprehensive overview of the Canadian Hedge Fund universe. To achieve this, index returns are calculated using both an equal weighting and an asset-based weighting of the funds.

The index includes both open and closed funds with a minimum AUM of CAD15 million and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.