IndexIQ: Hedge Funds Fall 1.1% In August

Sep 7 2011 | 10:57am ET

A hedge fund replication index run by IndexIQ lost 1.1% last month.

The IQ Hedge Composite Beta Index is now up just 0.19% on the year. Five of the Rye Brook, N.Y.-based firm's six strategy indices lost ground last month, with only the global macro beta index posting a gain—and a big one, 3.98%, to reach 9.08% on the year.

On the other side, the long/short index fell 3.63% (down 2.37% year-to-date) and the emerging markets index fell 3.57% (down 4.72% YTD). Fixed-income arbitrage lost 2.14% (down 2.34% YTD), market neutral funds 1.21% (down 0.26% YTD) and event-driven 0.05% (up 1.87% YTD).

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Editor's Note

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…