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Komfie Manalo, Opalesque Asia:

The IQ Hedge Indexes reported modest gains in August across the hedge fund strategies in August , led by the IQ Hedge Merger Arbitrage Index, which was up 1.12% (+3.57% YTD). The IQ Hedge Multi-Strategy Index was the only down index, declining -0.06% (+3.83% YTD).

"August was generally slow, as concerns over BREXIT continued to fade," said Adam Patti, chief executive officer at investment solutions provider IndexIQ in a statement. "With the summer coming to an end, the market is likely to focus again on the potential for an increase in the Federal funds rate, and the impact that will have on credit spreads and the dollar. It may be that the time of relative quiet is drawing to an end."

Salvatore Bruno, IndexIQ’s chief investment officer, said, "We’re still seeing a disconnect between job growth, which has been good, and GDP growth, which has been tepid at best. This continues to create a dilemma for the Fed as it considers if and when to lift rates again."

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.

Related article: 15 Sept.16 ......................

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