Hedge Fund Replication Index Up 3% In Sept.

Oct 6 2010 | 3:49am ET

If their replicators are any indication, the average hedge fund added 3% last month.

That's the September performance figure for IndexIQ's IQ Hedge Composite Beta Index, anyway. The index is up 4.45% on the year.

All but one of the beta strategies tracked by the IndexIQ suite were in positive ground in a month that produced the strongest returns for both the Standard & Poor's 500 Index and Dow Jones Industrial Average since the Great Depression. The emerging markets beta index rose 5.7% on the month (4.71% year-to-date), followed by the long/short index (5.25%, 3.49% YTD) and the event-driven index (3.58%, 6.86% YTD).

The fixed-income arbitrage beta index was up 2.19% (3.34% YTD), while the market-neutral index added 1.32% (1.92% YTD). Only the global macro beta index lost ground—and just barely—dropping 0.02% (up 5.99% YTD).


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