Long/Short Hedge Funds Outperform Peers in June
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Hedge funds using a Long/Short strategy outperformed their hedge fund peers in June, according to information from Index IQ. Earlier this week, Index IQ released the results of its hedge fund index returns, which are designed to replicate the returns of various hedge fund strategies.
While all the hedge fund strategies covered by Index IQ showed gains, the IQ Hedge Long/Short Beta index performed the best in June, posting a gain of 3.03 percent. Hedge funds using this strategy typically invest on both the long and short side of equity markets and diversify their risks by limiting the net exposure to particular sectors, regions or market capitalizations and focusing on company specific anomalies.
Year-to-date IQ Hedge Global Macro Beta Index has posted the best performance, with a gain of 6.92 percent. Global macro hedge fund managers typically employ top-down macro analysis (e.g., political trends, macro economics, etc.) to identify dislocations in equity, fixed income, currency and commodity markets that are expected to lead to large price movements.
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While all the hedge fund strategies covered by Index IQ showed gains, the IQ Hedge Long/Short Beta index performed the best in June, posting a gain of 3.03 percent. Hedge funds using this strategy typically invest on both the long and short side of equity markets and diversify their risks by limiting the net exposure to particular sectors, regions or market capitalizations and focusing on company specific anomalies.
Year-to-date IQ Hedge Global Macro Beta Index has posted the best performance, with a gain of 6.92 percent. Global macro hedge fund managers typically employ top-down macro analysis (e.g., political trends, macro economics, etc.) to identify dislocations in equity, fixed income, currency and commodity markets that are expected to lead to large price movements.
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