Hedge Fund Beta Index Rises 0.67% In Aug.

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).


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of