Wednesday, 22 February 2017
Last updated 7 hours ago
Mar 6 2014 | 11:44am ET
Hedge funds bounced back from January losses last month, posting gains across all strategies, according to IndexIQ.
The firm’s beta replication indices rose in February, albeit by less than the Standard & Poor’s 500 Index. The IQ Hedge Composite Beta Index added 1.95% last month and is up 1.51% on the year.
Event-driven was the best strategy tracked by IndexIQ on the month, adding 3.13% (1.69% year-to-date). Long/short rose 2.16% (0.44% YTD), emerging markets 1.75% (down 0.47% YTD), fixed-income arbitrage and market neutral 1.58% (3.44% and 0.87% YTD, respectively), and global macro 1.54% (3.1% YTD).