Five of IndexIQ’s six IndexIQ Hedge Indices recorded a strong performance in December, led by a rise of 1.72 per cent in the IQ hedge Long/Short Index, as markets rallied heading into the end of the year.
The lone decliner for the period was the IQ Hedge Global Macro Index, down 0.11 per cent.
"The markets started to behave more rationally in December, as the surge following the election of Donald Trump gave way to a less emotional assessment of the prospects for interest rates and the economy over the coming year," says Salvatore Bruno (pictured), IndexIQ's chief investment officer. "The results were broadly positive for hedge funds, with most of the indexes showing strong returns for the period."
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge Indexes comprise the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies.