HFR Indices FAQ - How does HFR determine the constituents of the HFRI or HFRX Diversity Indices?
How does HFR determine the constituents of the HFRI or HFRX Diversity Indices?
In addition to meeting the basic HFRI or HFRX Indices construction criteria, the fund must also be minority-owned.
Definition of minority-owned business as criteria for inclusion in HFR's Diversity Universe |
A hedge fund management company is deemed to be a minority-owned business if: Greater than 50% of the management company is owned by one or more minorities, or in the case of a publicly owned business, greater than 50% of all issued stock is owned by one or more minorities; and whose management and daily business operations are controlled by one or more such individuals. A 'minority' is defined for our purposes as a U.S. citizen who is: (A) a woman; or (B) a person whose origin is from one of the following minority groups:
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