Thursday, 25 August 2016
Last updated 6 hours ago
Sep 10 2012 | 12:03pm ET
Hedge funds inched up in August, again badly trailing the broader markets, IndexIQ's suite of hedge fund replication indices show.
The IQ Hedge Composite Beta Index rose 0.67% last month and is up 4.93% for the year—a better showing than most hedge fund benchmarks for 2012, but far behind the Standard & Poor's 500 Index, which rose almost 2% last month and is up about 12% this year.
All but one of the IQ Hedge indices managed a positive return last month, and the one that did not, emerging markets, dipped only 0.01% (up 2.56% year-to-date). The best performer was long/short, which jumped 2.23% (6.94% YTD).
Indeed, no other index came even close. Fixed-income arbitrage rose 0.82% (7.01% YTD), market neutral 0.42% (1% YTD), event-driven 0.3% (5.03% YTD) and global macro 0.24% (6.92% YTD).