Hedge Fund Replicators, Like Replicatees, Slammed In June

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).


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...