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.).


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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