While the global economy had, until quite recently, rebounded from the tumult of
late 2008, the path of recovery has shown itself to be uneven and fragile. Between
the sovereign debt crisis in Europe, the introduction of new banking rules through
Basel III and Dodd-Frank legislation and the continuing concern over rising debt
levels, the challenges that face hedge funds have certainly grown in number and
complexity. Within the global topography of the banking industry, there are few
players that have proven themselves based on their ability to successfully navigate
through the financial crisis – Canadian banks are among them.