Friday, 31 October 2014
Last updated 12 hours ago
Jul 8 2011 | 12:03pm ET
One set of hedge fund replication indices certainly lived up to its name in June, to the detriment of investors.
IndexIQ's suite of hedge fund beta indices took a beating in June, replicating the pitiful performance of most hedge fund indices. All six of IndexIQ's strategy indices were in the red last month, as well as its IQ Hedge Composite Beta Index, which lost 1.22% on the month (up 0.63% year-to-date).
The Event-Driven Beta Index suffered the worst June, losing 1.58% (up 0.27% YTD), followed by the global macro (down 1.5% in June, up 2.14% YTD) and emerging markets (down 1.48%, down 2.14% YTD) benchmarks. The fixed-income index funds lost 1.39% on the month (up 0.1% YTD).
IndexIQ's long/Short beta index dropped 1.27% in June (up 2.06% YTD) and its market neutral index 0.1% (up 1.21% 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.