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From January to March of 2014, the S&P/TSX composite index returned 5.24 per cent.
From January to March of 2014, the S&P/TSX composite index returned 5.24 per cent.
(Frank Gunn/THE CANADIAN PRESS)

Canadian hedge fund returns lag TSX in first quarter

Canadians with money invested in domestic hedge funds would have been better off in the first quarter buying a passive fund that tracks the S&P/TSX composite index.

From January to March, Canadian hedge funds earned an average of 3.96 per cent, according to Bank of Nova Scotia’s Canadian Hedge Fund Index. The TSX benchmark, meanwhile, earned 5.24 per cent.