HFR Launches Investable Hedge Fund Indices

March 24, 2003 (PLANSPONSOR.com) - Hedge Fund Research, Inc will launch a family of hedge fund indices for institutional and retail investors March 31.

HFRX consists of eight primary hedge fund strategy indices and an asset-weighted Global Index.   The eight strategies that comprise the HFRX Global Index include:

  • Convertible arbitrage
  • Distressed securities
  • Event-driven
  • Equity hedge
  • Equity market-neutral
  • Macro
  • Relative value
  • Merger arbitrage.

The individual strategy indices and the overall composite Global Index, have each been designed to offer closed-system transparency, daily repricing and asset weighting, and rebalancing on a quarterly basis.   Additionally, the investment and performance characteristics of each fund used in the index must be consistent and representative of its respective strategy in addition to being open for new capital.

Further, Hedge Fund Research and its partner banks will be issuing a range of products linked to each of the eight strategy indices and the Global Index.