Hedge funds outperformed underlying markets in April and were up 1.12%.
Spartan Fund Management has opened the MMCAP Canadian Fund
This is the first Q1 decline in hedge fund assets on record since 2009.
Investor panic induced strong downward pressure on equity markets leading to a sell-off and the resulting capital flight to safe havens.
Hedge funds posted their lowest annual return on record since 2011, up 1.56% in 2015.
Hedge funds are up 2.45% for the year, with the total AUM growing by US$110.7 billion in 2015, notes a Eureka Hedge Funds report.
Hedge funds continued their recovery in Q4 with the Eurekahedge Hedge Fund Index up 0.88% in November.
An Australia-based hedge fund manager has entered the fray over Valeant, alleging a vast web of dubious, Valeant-linked pharmacies with names only chess experts and Stephen King aficionados would recognize as forming a pattern.
Hedge funds gained 1.33% in October.
Hedge funds fell for the fourth consecutive month in September, down 0.58%.