Tuesday, 28 June 2016
Last updated 9 hours ago
Jun 5 2014 | 10:27am ET
Hedge funds rose across the board last month, according to a set of hedge fund replication indices.
IndexIQ’s IQ Hedge Composite Beta Index returned 0.97% in May, a month that saw all of the strategies tracked by the suite post gains. Event-driven was the best performer on the month, rising 1.99%, following by long/short at 1.42% and fixed-income arbitrage at 1.28%.
Market neutral added 0.41% in May, emerging markets 0.36% and global macro 0.32%.