When Picking a Hedge Fund, Bigger isn’t Always Better

When Picking a Hedge Fund, Bigger isn’t Always BetterFor many years the question of whether the size of a hedge fund affects its returns has been hotly debated. Although there is ample evidence that a few legendary funds are able to manage billions of dollars and consistently deliver outsized returns to investors over the long term (especially on a risk-adjusted basis), there is mounting evidence that, at least in the world of hedge funds, smaller can be better….

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5 Canadian Portfolio Managers You Should Follow

5 Canadian Portfolio Managers You Should FollowWhen it comes to the capital markets, information overload is a very distinct reality for most people, including ourselves. From countless websites and blogs dedicated to stocks, options, mutual funds, hedge funds, personal finance etc. etc. to print media and television, how can one not be inundated with too much information? We would liken this predicament to a fairly prevalent movie scene, where prosecutors demand the surrender of documents from…

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The Index Finger Moves on – Shrinking TSX and Declining Index Effect

The Index Finger Moves on - Shrinking TSX and Declining Index EffectThe Shrinking TSX Another ones bites the dust. As I noted last year, the TSX Composite Index has been shrinking for years. That seems to be continuing, though at a slower pace. When Enerflex Systems Income Fund (EFX.UN) leaves the index next week as the result of a buyout (see Standard & Poors press release) the TSX Composite will be down to 210 companies, a third fewer than a mere…

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