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Thursday, 8 December 2016
Last updated 47 min ago
Dec 7 2012 | 11:52am ET
Hedge funds were broadly higher last month, if not by much, an industry replication index shows.
IndexIQ's IQ Hedge Composite Beta Index ended November up 0.39% for the month and 6.5% on the year. Five of the benchmark's strategy indices were in the black last month, led by long/short at 0.72% (10.66% year-to-date) and emerging markets at 0.65% (5.26% YTD).
Event-driven added 0.57% (6.5% YTD), fixed-income arbitrage 0.51% (8.2% YTD) and market-neutral 0.47% (2.17% YTD).
Only the IQ Hedge Global Macro Beta Index lost ground in November, falling 0.6% (up 6.08% YTD).