The Scotiabank Canadian Hedge Fund Index ended May 2022, down -1.73% month-on-month on an asset-weighted basis and down -2.03% month-on-month on an equal-weighted basis.

The comparable benchmark indices were both up slightly for the month, with the S&P TSX 60 Total Return Index and S&P 500 Total Return Index posting increases of 0.15% and 0.18% respectively.

The index, which includes open and closed funds with a minimum AUM of C$15 million and a 12-month track record, that are managed by Canadian-domiciled managers, is now down 2% YTD

The Scotiabank Canadian Hedge Fund Index provides a comprehensive overview of the Canadian Hedge Fund universe. Returns are calculated using an equal-weighting and an asset-based weighting of the funds.