Thursday, 23 February 2017
Last updated 9 hours ago
Jun 6 2012 | 11:37am ET
IndexIQ’s Hedge Fund Composite Beta Index, an investable hedge fund replication index, was down 2.52% in May.
Year to date, the composite index is up 1.27%.
The Rye Brook, N.Y.-based firm’s six strategy indices all lost ground in May. The biggest loss was reported by the long/short beta index (down 4.69%), followed by the emerging markets beta index (down 4.40%). The event-driven beta index was down 3.07%, the was market neutral beta index down 1.77%, the fixed-income arbitrage beta index down 0.79% and the global macro beta index down 0.39%.
Year to date, five of the six strategy indices are in the black, the only exception being market neutral, which is down 0.41%.