Saturday, 1 November 2014
Last updated 17 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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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