Hedge Fund Beta Index Adds 0.86% In April

May 7 2013 | 11:12am ET

Hedge funds posted modest gains in April, an industry replication index shows.

IndexIQ's IQ Hedge Composite Beta Index added 0.86% last month. The benchmark is up 1.18% on the year.

Five of the six IndexIQ strategies were in the black in April, led by event-driven, which rose 1.97% on the month (1.22% year-to-date). Market neutral added 1.43% (1.58% YTD), fixed-income arbitrage 1.23% (3.77% YTD), emerging markets 0.93% (down 1.61% YTD) and long/short 0.26% (3.38% YTD). Global macro fell 0.62% and is down 1.25% on the year.


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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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