The fund aims to deliver hedge fund-like performance at a lowest cost, while offering some transparency and liquidity to investors. The minimum investment for retail investors is $2,500, and for institutional investors, it is $250,000.
The extraordinary market volatility investors have experienced serves to highlight the positive role alternative asset classes can play in providing portfolio diversification, said Adam Patti, chief executive officer of
IndexIQ also recently launched an exchange-traded fund that tracks publicly traded funds funds, the IQ Hedge Multi-Strategy Tracker ETF, and the firm palns to launch other alternative investment ETFs.