{"id":5708,"date":"2007-02-21T00:00:00","date_gmt":"2007-02-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"growth-spurt-for-canadian-hedge-funds-ft-alphaville","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2007\/growth-spurt-for-canadian-hedge-funds-ft-alphaville.html","title":{"rendered":"Growth Spurt For Canadian Hedge Funds &#8211; FT Alphaville"},"content":{"rendered":"<p>  Canadian hedge funds are experiencing unprecedented growth in several niche areas, <a href=\"http:\/\/www.blackenterprise.com\/yb\/ybopen.asp?section=ybbf&amp;story_id=103417579&amp;ID=blackenterprise\"  title=\"External link to blackenterprise.com\">reports<\/a> blackenterprise.com, and foreign based funds are also becoming more active in Canadian markets.<\/p>\n<p>  While Canada\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s hedge fund sector has been overshadowed by its American peers, the Canadian market has grown significantly in the past four years.<\/p>\n<p>  The consensus estimate for Canadian hedge fund assets is about $30bn, blackenterprise.com said. Toronto-based RBC Capital Markets estimates there are around 250 single manager funds, most of which  are small, with only about 20 funds managing more than $100m. Funds of funds and structured notes are thought to account for the majority of the allocations.<\/p>\n<p>  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThe Canadian market has been relatively attractive to smaller funds,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Colin Bugler, RBC\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s head of equity finance, told blackenterprise.com. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cIt is hard to run big convertible arbitrage and risk  arbitrage funds with multi-billion dollar mandates in Canada. We tend to see a lot of $50-100m funds. We also see buyside firms taking on the hedge fund sector with long\/short strategies and more  market neutral strategies.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p><strong><br \/><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/0-0&amp;fd=R&amp;url=http:\/\/ftalphaville.ft.com\/blog\/2007\/02\/20\/2627\/growth-spurt-for-canadian-hedge-funds\/&amp;cid=0&amp;ei=7ffaRceHD53OHPSd0IcF\">ReadComplete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian hedge funds are experiencing unprecedented growth in several niche areas, reports blackenterprise.com, and foreign based funds are also becoming more active in Canadian markets. While Canada\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s hedge fund sector has been overshadowed by its American peers, the Canadian market [&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":[],"class_list":["post-5708","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5708"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}