Thursday, 3 September 2015
Last updated 15 hours ago
Jan 10 2012 | 11:28am ET
IndexIQ's hedge fund replication indices did their jobs all too well last year, suffering losses in line with those of the funds they seek to track.
The IQ Hedge Composite Beta Index fell 2.32% in 2011, somewhat less than most benchmarks show the average hedge fund to have fallen. The beta index edged down 0.17% in December.
IndexIQ's strategy indices turned in widely varying performances. At the top of the heap was global macro, which rose 5.74% on the year (down 0.75% in Dec.). From those heights, it was a long was down to emerging markets, which lost 11.27% in 2011 (down 0.2% in Dec.).
In between, fixed-income arbitrage added 0.42% last year, thanks to a 2.11% surge in December. Market neutral fell 1.6% (down 0.31% in Dec.), event-driven fell 3.03% (down 1.35% in Dec.) and long/short fell 4.1% (down 0.56% in Dec.).
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…