IndexIQ: Most Hedge Fund Replication Strategies Down in January

Feb 10 2016 | 9:59pm ET

Investable hedge fund replication indices from IndexIQ were under pressure in January, according to the latest data from the index provider, reflecting the headwinds faced by investors during the month.

For the period through January 31, only two of the six strategy components were positive. The IQ Hedge Market Neutral Index gained +0.33%, while the IQ Hedge Merger Arbitrage Index squeaked by at +0.13%.

Unsurprisingly, the IQ Hedge Long/Short Index was hit hard during the period, dropping -2.83%, followed by a -2.42% loss in the IQ Hedge Event Driven Index. Elsewhere, the IQ Hedge Multi-Strategy and the IQ Hedge Global Macro indices lost -1.13% and -1.03%, respectively. The results broadly mirror those seen in other alternative asset industry index measurements for the month. 

Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge series of indexes were originally introduced in 2007. They are now used as the basis of investment products worldwide, as well as benchmarks for advisors and hedge fund managers. 

Rye, NY-based Index IQ is an issuer of liquid alternative products offered as indexes, ETFs, mutual funds, SMAs and model portfolios. The asset management arm of insurance company New York Life bought the company in late 2014. 

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