IndexIQ: Hedge Funds End Year Up 3.62%

Jan 6 2014 | 12:38pm ET

Hedge funds ended 2013 in the black, but well behind the S&P 500, according to an industry replication benchmark.

IndexIQ's Hedge Composite Beta Index was up 3.62% on the year, after adding 0.39%  in December. That's better than a loss but not nearly as good as the S&P 500 which had its best year in 16 in 2013, ending up 26.5%.

No single strategy tracked by IndexIQ bested the broader stock index in 2013. Long/short funds were the best performers, adding 10.32% (1.04% in December); followed by event-driven funds, up 7.64% YTD (1.25% in December); fixed-income arbitrage, up 4.99% YTD (down 0.26% in December); and market neutral funds, up 3.62% YTD (0.48% in December).

The only strategies tracked by IndexIQ to end the year with losses were emerging markets funds, down 3.37% YTD (but up 0.33% in December) and global macro funds, down 1.18% YTD (and down 0.52% in December).


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR