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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV