Friday, 31 October 2014
Last updated 15 hours ago
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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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