CNBC – A hedge fund replication exchange-traded fund , designed to mimic the performance and exposure of the hedge fund industry, was one of the more resilient investments in August, outperforming broader markets-including hedge funds.
Index IQ`s flagship ETF, the IQ Hedge Multi Strategy ETF survived a turbulent month to finish just 1.2% lower, well above the SandP 500 which fell more than 5% over roughly the same period. The ETF also outpaced the broader hedge fund industry, which saw flagship funds for large asset managers like John Paulson and Bill Ackman suffer major losses.
