The Scotiabank Canadian Hedge Fund Index ended July 2012 up 0.96 per cent on an asset weighted basis and up 0.77 per cent 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 CAD15m and at least a 12 month track record of returns, managed by Canadian-domiciled hedge fund managers.