This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

First No-Load, Open-End Hedge Fund Replication Mutual Fund Marks Three-Year Anniversary; Receives 4-Star Overall Morningstar RatingTM

The IQ Alpha Hedge Strategy Fund (IQHIX, Institutional Share Class; IQHOX, Investor Share Class), the first no-load, open-end mutual fund designed to replicate broad-based hedge fund performance characteristics, marked its three-year anniversary on June 30th, the fund’s sponsor, IndexIQ, announced today. Based on its three-year track record as of June 30, the fund was given a 4-Star Overall Morningstar Rating TM and was ranked in the top 2% of the 71 funds in the Multi-alternative category based on risk-adjusted performance.

“The past three years have been among the most trying that investors have faced in more than half a century and ‘traditional’ hedge funds have certainly not been immune, as reports have shown that more than 3,400 of them have shut their doors since the start of the financial crisis,” said Adam Patti, Chief Executive Officer at IndexIQ. 1 “What’s emerged among investors is a new set of demands for alternative investment products, including better transparency, greater liquidity, and lower costs. IQHIX has delivered on all of those fronts, while also delivering solid performance.”

“IQHIX has led the way in making available a whole new category of alternative investment products designed to allow investors of all types and sizes to add hedge-like exposure to their portfolios,” added Patti. “Investors have rapidly adopted IQHIX as a core alternative investment holding in their portfolios and, in many cases, as a replacement for traditional Hedge Fund-of-Funds exposure. The Alpha potential of hedge fund investing traditionally had been available only to the institutional and ultra high net worth investing worlds, but our mutual fund, and our related family of hedge fund replication Exchange-Traded Funds (ETFs), helped change those rules and provide access to all.”

The IQ Alpha Hedge Strategy Fund uses a proprietary rules-based methodology to replicate the returns of six major hedge fund strategies: Equity Long/Short; Global Macro; Emerging Markets; Fixed Income Arbitrage; Equity Market Neutral; and Event Driven. Alpha is sought by optimizing the relative index weights among these six hedge fund strategies.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs