IndexIQ: Hedge Funds Add Just 0.1% In Jan.

Feb 7 2013 | 10:17am ET

Hedge funds were essentially flat in January, according to an industry replication benchmark.

IndexIQ's IQ Hedge Composite Beta Index rose just 0.1% to open 2013, far shy of both the consensus among industry indices for the month and of the Standard & Poor's 500 Index, which rose 5.1% on the month. The suite of beta-replication indices also shows a much more mixed month for hedge fund strategies than many of its counterparts.

Long/short funds rose an average 1.77% last month, the numbers show, followed by fixed-income arbitrage funds at 0.45% and market-neutral funds at 0.35%. But there were as many losers as winners, with global macro funds shedding an average 1.18%,  emerging markets funds 0.68% and event-driven funds 0.09%.


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