IndexIQ: All Six Hedge Fund Replication Strategies Up in July

Aug 18 2016 | 7:05pm ET

All six of the investable hedge fund replication indices from IndexIQ posted positive performances during July, the latest data point to confirm improving results among alternative investment managers. 

The company’s IQ Hedge family of indexes was led by the IQ Hedge Event Driven Index, which was up 2.77% for the period through July 31, 2016, followed by a 2.59% gain in the IQ Hedge Long/Short Index. The worst performer was the IQ Hedge Market Neutral Index, at +0.29%.

Index returns through July 31, 2016 were as follows. 

 

Ticker

1 Mo.

3 Mo.

YTD

1 Yr.

IQ Hedge Multi-Strategy

IQHGMS

0.93%

1.57%

3.89%

1.21%

           

IQ Hedge Market Neutral

IQHGMN

0.29%

1.46%

4.25%

2.79%

           

IQ Hedge Global Macro

IQHGMA

1.13%

1.62%

3.26%

1.59%

           

IQ Hedge Event Driven

IQHGED

2.77%

4.27%

6.26%

4.61%

           

IQ Hedge Long/Short

IQHGLS

2.59%

2.94%

4.90%

0.08%

           

IQ Merger Arbitrage

IQMNA

0.64%

0.44%

2.43%

2.17%

 
“We saw markets relax a little in the month, as some of the Brexit anxiety receded, and investors returned to risk assets,” said Adam Patti, CEO at IndexIQ, in a statement. “Alternative assets continued to be attractive, as investors considered the next major wild card on the calendar – the U.S. presidential election.”
 
“GDP has continued to disappoint, even as job growth has remained strong,” added CIO Sal Bruno. “These conflicting currents are likely to continue to weigh on the market, and on the Federal Reserve as it considers its next move on rates.”
 
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 IndexIQ, bought by the asset management arm of insurance company New York Life in December 2014, is an issuer of liquid alternative products offered as indexes, ETFs, mutual funds, SMAs and model portfolios.

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