Thursday, 25 December 2014
Last updated 23 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.).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.