Thursday, 28 May 2015
Last updated 3 hours ago
Dec 6 2011 | 11:26am ET
Hedge funds took a dive in November, according to one set of industry replication indices.
IndexIQ's IQ Hedge Composite Beta Index lost 1.43% last month, more than most hedge fund indices that have reported their November numbers. On the other hand, the replicator is down much less than many of those indices year-to-date with just a 2.15% decline in 2011.
All six of the strategies tracked by IndexIQ's beta suite were in the red. Emerging markets lost 3.34% (down 11.1% YTD), fixed-income arbitrage lost 1.48% (down 1.66% YTD), global macro lost 1.25% (up 6.54% YTD) and long/short lost 1.08% (down 3.55% YTD).
The Event-Driven Beta Index fell 0.95% on the month (down 1.71% YTD) and the market neutral index 0.51% (down 1.3% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…