Monday, 26 January 2015
Last updated 14 min ago
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).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…