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Alternative Market Briefing

Multi-strategy leads IndexIQ hedge funds in August

Wednesday, September 13, 2017

Komfie Manalo, Opalesque Asia:

Multi-strategies lead five out of six IndexIQ hedge fund indexes higher in August, the investment solutions provider said in a statement.

IndexIQ said that returns were led by the IQ Hedge Multi-Strategy Index, up 0.67% in the month, followed by the IQ Hedge Long/Short Index, which returned 0.56% in the period. August saw the first decline in an index in several months, with the IQ Merger Arbitrage Index falling -0.78%.

"August saw the Dow cross 22,000 for the first time, driven by strong earnings, low interest rates, and the hope that Washington might finally move forward on tax reform," said Salvatore Bruno, IndexIQ's chief investment officer. "Working against this advance has been the geopolitical situation, as tension with Korea ratcheted up. This, in turn, resulted in higher levels of volatility, something we expect to continue as we move into September which is often a challenging month for the markets."

The IQ Hedge Multi-Strategy Index jumped 0.67% last month (+4.90% YTD), with the IQ Hedge Long/Short Index trailing with 0.56% gains, but was also the top performer year-to-date with 9.73% growth.

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 ......................

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