Even though the definition of “hedge fund” has changed over time, morphing from largely market-neutral strategies to a much wider variety of leveraged strategies, most retail investors still can’t get into these lucrative funds. As such, the IQ Hedge Multi-Strategy Tracker ETF (QAI) is an intriguing offering, as it seeks to replicate the performance of a group of diverse hedge fund investing styles including: long/short equity, event-driven, and fixed income arbitrage [see How To Pick The Right ETF Every Time]. In A Nutshell QAI doesn’t fit neatly into a nutshell. The fund tracks the IQ Hedge Multi-Strategy Index, a unique benchmark that is rebalanced monthly and is designed to reflect a host of popular hedge fund strategies including long/short equity, fixed income arb, event-driven trading, and even some currency strategies. This fund was launched in March of 2009 and holds over $270 million in assets [see Cheapskate Hedge Fund ETFdb Model [...] Click here to read the original article on ETFdb.com. Related Posts: ProShares Launches Hedge Fund Replication ETF (HDG) AdvisorShares Launches Long/Short Hedge Fund ETF (QEH) Using ETFs To Access Alternatives Hedge Fund “Clone” ETF Debuts (ALFA) Global X Plans Hedge Fund ETFs