IndexIQ's Hedge Long/Short Beta Index Up 3.16% in February

Mar 4 2015 | 12:28pm ET

IndexIQ’s Hedge Long/Short Beta Index rose 3.16% in February, leading the company’s family of proprietary hedge fund replication and alternative beta indexes.

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. 

Following the Long/Short Beta Index in performance during the month was the IQ Hedge Event-Driven Beta Index, up 2.65%, the IQ Hedge Composite Beta Index, up 1.18%, and the IQ Hedge Emerging Markets Beta Index, up 1.01%.

Meanwhile, the company’s Global Macro and Fixed Income Arbitrage Beta Indexes posted negative performance -0.67% and -0.68%, respectively, for the same period.

IndexIQ, based in Rye Brook, NY and bought by the asset management arm of insurance company New York Life in December of last year, is an issuer of liquid alternative products offered as indexes, ETFs, mutual funds, SMAs and model portfolios.

At the time of the acquisition, IndexIQ had roughly $1.5 billion in assets made up primarily of nearly $1 billion in the company's IQ Hedge Multi-Strategy Tracker ETF, which seeks to replicate results at macro, long/short equity and event-driven hedge funds. 


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