Monday, 22 December 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).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.