Hedge fund industry returns: The hedge fund industry had a relatively positive September, according to several indices designed to replicate the performance of the industry, IndexIQ said (via Business Wire). As follows, the IQ Hedge Composite Beta Index (IQHGCOB) returned slightly below 2% last month, while since the beginning of the year it is up by 1.17%. The IQ Hedge Composite Beta Index replicated the risk-adjusted return characteristics of hedge funds, through applying their investment strategies.
And while speaking about strategies, indices that track hedge funds by particular investment strategy also showed positive returns. For example, IQ Hedge Long/Short Beta Index returned 2.26% last month, and over 5.5% since the beginning of the year. The increase of IQ Hedge Event-Driven Beta Index is the highest among others and amounts to 3.04%, while the year-to-date return of the index is slightly above 1.8%.
The IQ Hedge Emerging Markets Beta Index also did well in September, gaining 2.4%, being the second top-gainer. However, since the beginning of the year, it has slumped by more than 4.6%. Overall, the smallest increased was shown by the IQ Hedge Global Macro Beta Index. This particular index edged up by only 0.24%, while the year-to-date return of the index is -2.04%.
Index IQ’s indices that replicate hedge funds’ performance are are useful benchmarks, as are their top small-cap picks and the MarketWatch/Insider Monkey Billionaire Hedge Fund Index.