IndexIQ: Hedge Funds Fall In May

Jun 6 2013 | 11:27am ET

Hedge funds stumbled in May, according to an industry replication index.

The IQ Hedge Composite Beta Index fell 1.06% last month, IndexIQ said, cutting its year-to-date gains to 0.11%. What's more, all seven of the firm's strategy indices also lost ground on the month.

Emerging markets dropped 1.97% (down 3.55% YTD), market-neutral 1.38% (up 0.18% YTD), event-driven 1.04% (up 0.18% YTD), global macro 1.04% (down 2.27% YTD), fixed-income arbitrage 0.7% (up 3.05% YTD) and long/short 0.28% (up 3.08% YTD).


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Editor's Note