Hedge Fund Indices:
HedgeCo Networks Fund Indices are equal weighted, meaning each constituent is counted with the same weight. Across the hedge fund industry, managers utilize HedgeCo Networks Indices as a benchmark for their own hedge funds.
Unlike asset weighting utilized by some other indices, the equal weighting of the indices presents a more general picture of performance of the hedge fund industry.
By weighting all funds equally, this helps to reduce any bias toward the larger funds potentially created by alternative weightings, especially for strategies that encompass a small number of funds.
Funds included in the HedgeCo Networks monthly Indices must:
- · Report monthly returns
- · Report returns Net of All Fees
- · Report assets in USD (or the currency of your choice).
- · All HedgeCo Networks Indices are equally weighted (not based on AUM size).
- · Funds that do not report their AUM are not included in the HCN.
- · The HedgeCo Networks Indices are “official” on the twentieth of the month.
- · Both domestic and offshore funds are included in the HCN Indices.
|Index Name||February 2014||YTD||Prior 12 Months||Prior 36 Months|
|HCN Hedge Fund Aggregate Index||2.05%||1.91%||9.43%||16.03%|
|HCN Aggressive Growth Index||1.72%||1.49%||14.02%||29.93%|
|HCN CTA/Managed Futures Index||2.18%||0.25%||-2.91%||-1.03%|
|HCN Emerging Markets Index||1.68%||-1.09%||-1.49%||-11.89%|
|HCN Fixed Income Index||1.07%||2.00%||4.81%||28.69%|
|HCN Fund of Funds – Multi-Strategy Index||1.29%||1.23%||7.25%||9.45%|
|HCN Fund of Funds Index||1.94%||2.38%||6.64%||7.64%|
|HCN Long Only Index||4.00%||1.19%||14.43%||27.06%|
|HCN Long/Short Index||2.47%||2.29%||16.56%||29.41%|
|HCN Market Neutral Index||1.39%||2.08%||2.54%||5.87%|
|HCN Multi-Strategy Index||1.91%||2.01%||8.57%||7.06%|