IndexIQ: Hedge Funds Add 0.58% In Nov.

Dec 3 2013 | 1:34pm ET

Hedge funds are lurching to the 2013 finish line, putting up another month of sub-Standard & Poor's 500 Index returns, according to an industry replication benchmark.

IndexIQ's IQ Hedge Composite Beta Index rose just 0.58% last month, while the S&P 500 added a further 2.8%. For the year, the hedge fund replication vehicle is up 3.22%—against the S&P 500's 26.6%.

None of the IQ Hedge indices bested the broader markets last month. The strongest performer was long/short, which rose 1.82% (9.18% year-to-date). Event-driven added 1.23% (6.31% YTD). Global macro rose 0.47% (down 0.66% YTD), market neutral 0.21% (3.21% YTD) and fixed-income arbitrage 0.07% (5.26% YTD). Emerging markets lost further ground in November, falling 0.31%. That strategy is now down 3.69% 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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