A hedge fund replication exchange-traded fund, designed to mimic the performance and exposure of the hedge fund industry, was one of the more resilient investments in August, outperforming broader markets—including hedge funds, according to CNBC.
Index IQ’s flagship ETF, the IQ Hedge Multi Strategy ETF survived a turbulent month to finish just 1.2 percent lower, well above the S&P 500 which fell more than 5 percent over roughly the same period. The ETF also outpaced the broader hedge fund industry, which saw flagship funds for large asset managers like John Paulson and Bill Ackman suffer major losses.
As an asset class, hedge funds lost nearly 4 percent through late August, according to Hedge Fund Research index data….
Find out more at http://www.cnbc.com/id/44361972
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