The seven hedge fund benchmark indexes operated by alternative investment manager IndexIQ on average rose more than 3% in January, according to January 2012 performance data released by the firm.

The indexes, which have been in operation since March 30, 2007, serve as the basis for a number of investment products run by IndexIQ, including exchange-traded funds, mutual funds and institutional accounts. The portfolios are designed to compete in various hedge fund investing categories, including real return, long and short equity, event-driven and fixed-income arbitrage. Such products would include the IQ Alpha Hedge Strategy Fund, IQ Hedge Multi-Strategy Tracker ETF, IQ Hedge Macro Tracker ETF.

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