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).


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