Friday, 27 November 2015
Last updated 1 day ago
Oct 5 2012 | 1:10pm ET
IndexIQ yesterday added to its range of hedge fund strategy exchange-traded funds with what it calls the first market-neutral ETF.
The IQ Hedge Market Neutral Tracker ETF debuted yesterday on NYSEArca, trading under the ticker-symbol QMN. Rye Brook, N.Y.-based IndexIQ said the new fund would use both long and short stock positions to replicate the returns of equity market-neutral hedge funds, seeking to avoid "systematic components" of risk.
"Market-neutral strategies that effectively neutralize the market exposure are not impacted by directional moves in the market," IndexIQ said.
QMN has a 99 basis-point fee ratio. It is IndexIQ's fourth hedge fund ETF.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…