Thursday, 2 July 2015
Last updated 54 min ago
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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…