Replication Index Up 6.96% In 2012

Jan 4 2013 | 10:39am ET

Hedge funds limped to a disappointing finish in 2012, returning less than 7%, according to an industry replication index.

IndexIQ's IQ Hedge Composite Beta Index rose 0.43% last month to reach the figure. Six of its seven strategy benchmarks were also in the black, but none exceeded the return for the Standard & Poor's 500 Index last year, 16%.

The best among them was the Long/Short Beta Index, which ended 2012 up 11.01% (0.32% in December). Fixed-income arbitrage followed at 9.08% (0.81% in Dec.).

Event-driven funds returned an average of 7.22% last year (0.68% in Dec.), emerging markets funds 7.16% (1.7% in Dec.), global macro funds 3.94% (down 2.02% in Dec.) and market-neutral funds 3.16% (0.97% in Dec.).

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note