Hedge Funds Trading 'Tail Risk' Outperform Peers in May
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Credit Suisse Liquid Alternative Beta ("LAB") Index was down 2.32 percent in May. The index aims to reflect the performance of the overall hedge fund industry. Four of the five sectors posted negative performance. The only sector to post a positive gain was Managed Futures, which is typically viewed as an effective tail risk hedging solution during sharp market downturns. It was up 2.50 percent in May, and had the highest performance year-to-date in 2012.
IQ Hedge Multi-Strategy Tracker ETF (NYSE: QAI), which attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles, lost 1.6 percent in May. Managed Futures Strategy ETF (NYSE: WDTI) was also lower in May, shedding 2 percent despite gains in the Managed Futures sector of Credit Suisse's managed futures index.
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IQ Hedge Multi-Strategy Tracker ETF (NYSE: QAI), which attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles, lost 1.6 percent in May. Managed Futures Strategy ETF (NYSE: WDTI) was also lower in May, shedding 2 percent despite gains in the Managed Futures sector of Credit Suisse's managed futures index.
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