Friday, 22 August 2014
Last updated 15 hours ago
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).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note