IndexIQ, an issuer of mutual funds and ETFs that replicate the investments of hedge funds, this week said some of its most popular products not only bested the performance of the S&P 500 Index, but they also outperformed many of the larger hedge funds, too.
Of course, neither its funds nor the big-boy hedge funds -- to say nothing of the S&P 500 -- have exactly set the world on fire through the first eight months of the year.
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