Replication Index Adds 0.86% As Most Strategies Rise

Nov 12 2010 | 2:12am ET

All but one of IndexIQ’s hedge fund replication indices posted gains last month, the firm said.

IndexIQ’s main IQ Hedge Composite Index rose 0.86% last month, substantially less than most hedge fund indices. It is up 6.7% on the year.

The series of beta indices was led by its long/short strategy, which added 1.92% on the month (5.48% year-to-date). Emerging markets returned 1.33% (6.1% YTD), followed by event-driven at 1.28% (8.23% YTD) and market neutral and fixed-income arbitrage funds, which each added 0.56% (2.49% and 3.92%, respectively, YTD).

Only IndexIQ’s global macro index lost ground, dropping 0.55% (up 5.41% YTD).


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of