Replication Index Drops In June

Jul 8 2013 | 10:16am ET

Hedge funds took a hit in June, according to an industry replication index.

IndexIQ's IQ Hedge Composite Beta Index fell 1.97% last month, erasing its year-to-date gains and leaving it down 1.86% on the year.

In addition, all six of IndexIQ's hedge fund strategy benchmarks lost ground on the month. Event-driven was hardest-hit, dropping 2.93% (down 2.76% year-to-date), followed by emerging markets (down 2.44% in June, down 5.91% YTD) and long/short (down 2.14%, up 0.88% YTD).

Fixed-income arbitrage dropped 1.76% on the month (up 1.23% YTD), global macro 1.42% (down 3.66% YTD) and market-neutral 1.17% (down 0.99% YTD).


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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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