Saturday, 26 July 2014
Last updated 13 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).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…