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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat