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Komfie Manalo, Opalesque Asia:

Investable hedge fund replication strategies outperformed the equity markets in March, completely reversing the poor performances recorded in the alternative investment industry in the first two months of the year, said index provider IndexIQ.

"March saw a strong rebound in the equity markets and positive returns across our index family," said Salvatore Bruno, chief investment officer at IndexIQ in a statement. "Volatility persisted, however, as the U.S. Treasury unexpectedly announced new regulations governing so-called 'tax inversions’ in early April. While this is already having an impact on some cross border M&A activity, we don’t believe domestic deals will be impacted."

As of March 31, all six of IndexIQ’S strategy components were in the green, led by a 3.83% surge in the IQ Hedge Long/Short Index and followed by a 3.26% jump in the IQ Hedge Event Driven Index.

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.

"Performance in our IQ Hedge family of indexes was positive across the board in March," added Adam Pat......................

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