A full list of page/slide titles for the most-recently published HFR Industry Reports are listed below.
View List for: HFR Global Report | HFR Asian Report | HFR Emerging Markets Report | HFR Market Microstructure Report
HFR Global HF Industry Report – Q1 2024
1. Hedge Fund Industry Overview
Estimated Annual Growth of Assets Hedge Fund Industry 1990 – Q1 2024
Estimated Annual Net Asset Flows Hedge Fund Industry 1991 – Q1 2024
Estimated Quarterly Growth of Assets Hedge Fund Industry Q1 2007 – Q1 2024
Estimated Quarterly Net Asset Flows Hedge Fund Industry Q1 2007 – Q1 2024
Estimated Change in Assets per Main Strategy Net Asset Flow vs. Performance-Based Q1 2024
Estimated Change in Assets per Regional Investment Focus Net Asset Flow vs. Performance-Based Q1 2024
Estimated Percentage of Funds with Inflows vs. Outflows Q1 2024
Estimated Net Asset Flows per Main Strategy Flow Totals of Funds with Net Inflows vs. Funds with Net Outflows Q1 2024
Estimated Growth of Assets by Fund Domicile Onshore (USA-domiciled funds) / Offshore (non-USA domiciled funds) 1990 – Q1 2024
Estimated Industry Assets by Strategy Q1 2024
Estimated Sub-Strategy Composition by Assets Under Management Q1 2024
Estimated Total Number of Hedge Funds and Fund of Funds 1990 – Q1 2024
Estimated Total Number of HF and FOF Firms 1990 – Q1 2024
Estimated Strategy Composition by # of Hedge Funds and Fund of Funds Q1 2024
Estimated Number of Funds: Hedge Funds vs. Fund of Funds 1990 – Q1 2024
Estimated Number of Firms: HF Firms vs. FOF Firms 1990 – Q1 2024
Estimated Strategy Composition by # of Hedge Funds Q1 2024
Estimated Sub-Strategy Composition Equity Hedge Q1 2024
Estimated Sub-Strategy Composition Event-Driven Q1 2024
Estimated Sub-Strategy Composition Macro Q1 2024
Estimated Sub-Strategy Composition Relative Value Q1 2024
Estimated Distribution of Industry Assets by Firm AUM Tier Q1 2024
Estimated Distribution of Net Asset Flows by Firm AUM Tier Q1 2024
Estimated Distribution of Net Asset Flows by Firm AUM Tier 2009 – Q1 2024
Estimated Distribution of Industry Assets by Fund AUM Tier Q1 2024
Estimated Number of Funds Launched/Liquidated 1996 – 2023
Estimated Fund Domicile Registration by # Funds Q1 2024
Estimated Fund Minimum Investment Size by # Funds Q1 2024
Estimated Fund Age by # Funds Q1 2024
Estimated Investment Subscriptions/Redemptions by # Funds Q1 2024
Estimated Advanced Days Notice for Investor Redemptions by # Funds Q1 2024
Estimated Fund Lockup Periods Before Investor Redemptions by # Funds Q1 2024
2. HFRI Index Performance and Risk/Return Analysis
HFRI Indices Annual Investment Returns (2009 – Q1 2024)
HFRI Index Performance 12-Month
HFRI Index Standard Deviation 12-Month
HFRI Index Risk Return Comparison 12-Month
HFRI Fund Weighted Composite Constituents Risk Return Comparison 12-Month
HFRI Fund Weighted Composite Constituents Risk Return Comparison 12-Month Scaled Down to 50% Return and 50% Standard Deviation
HFRI Fund of Funds Composite Constituents Risk Return Comparison 12-Month
HFRI Fund of Funds Composite Constituents Risk Return Comparison 12-Month Scaled Down to 20% Return and 20% Standard Deviation
HFRI Index Sharpe Ratio 12-Month
HFRI Index % of Positive Monthly Performance 12-Month
Historical Monthly Correlation to S&P 500 Index 12-Month Rolling
HFRI Composite Indices Correlation Matrix 12 Month
HFRI Equity Hedge Indices Correlation Matrix 12 Month
HFRI Event-Driven Indices Correlation Matrix 12 Month
HFRI Macro Indices Correlation Matrix 12 Month
HFRI Relative Value Indices Correlation Matrix 12 Month
HFRI Index Performance 3 Year Annualized
HFRI Index Performance 3 Year Cumulative Return
HFRI Index Standard Deviation 3 Year Annualized
HFRI Index Risk Return Comparison 3 Year Annualized
HFRI Fund Weighted Composite Constituents Risk Return Comparison 3 Year Annualized
HFRI Fund Weighted Composite Constituents Risk Return Comparison 3 Year Annualized Scaled Down to 50% Return and 50% Standard Deviation
HFRI Fund of Funds Composite Constituents Risk Return Comparison 3 Year Annualized
HFRI Fund of Funds Composite Constituents Risk Return Comparison 3 Year Annualized Scaled Down to 20% Return and 20% Standard Deviation
HFRI Index Sharpe Ratio 3 Year Annualized
HFRI Index Sortino Ratio 3 Year Annualized
HFRI Index % of Positive Monthly Performance 3 Year
Historical Monthly Correlation to S&P 500 Index 3 Year Rolling
HFRI Composite Indices Correlation Matrix 3 Year
HFRI Equity Hedge Indices Correlation Matrix 3 Year
HFRI Event-Driven Indices Correlation Matrix 3 Year
HFRI Macro Indices Correlation Matrix 3 Year
HFRI Relative Value Indices Correlation Matrix 3 Year
HFRI Index Performance 5 Year Annualized
HFRI Index Performance 5 Year Cumulative Return
HFRI Index Standard Deviation 5 Year Annualized
HFRI Index Risk Return Comparison 5 Year Annualized
HFRI Fund Weighted Composite Constituents Risk Return Comparison 5 Year Annualized
HFRI Fund of Funds Composite Constituents Risk Return Comparison 5 Year Annualized
HFRI Index Sharpe Ratio 5 Year Annualized
HFRI Index Sortino Ratio 5 Year Annualized
HFRI Index % of Positive Monthly Performance 5 Year
Historical Monthly Correlation to S&P 500 Index 5 Year Rolling
HFRI Composite Indices Correlation Matrix 5 Year
HFRI Equity Hedge Indices Correlation Matrix 5 Year
HFRI Event-Driven Indices Correlation Matrix 5 Year
HFRI Macro Indices Correlation Matrix 5 Year
HFRI Relative Value Indices Correlation Matrix 5 Year
HFRI Fund Weighted Composite Index Performance by Current Management Fee Bucket Period Ending Q1 2024
HFRI Index Constituents Analysis of Fund Returns* Period Ending Q1 2024
HFRI Composite Indices Distribution Analysis of Constituent Fund Returns 1-Year
HFRI Main Strategy Indices Distribution Analysis of Constituent Fund Returns 1-Year
HFRI Composite Indices Distribution Analysis of Constituent Fund Returns 3-Year
HFRI Main Strategy Indices Distribution Analysis of Constituent Fund Returns 3-Year
HFRI Composite Indices Distribution Analysis of Constituent Fund Returns 5-Year
HFRI Main Strategy Indices Distribution Analysis of Constituent Fund Returns 5-Year
HFRI Fund Weighted Composite Index Performance Analysis Since 1990
HFRI Main Strategy Indices Performance Analysis Since 1990
HFRI Fund Weighted Composite Index Drawdown Analysis since 1990
HFRI Equity Hedge (Total) Index Drawdown Analysis since 1990
HFRI Event-Driven (Total) Index Drawdown Analysis since 1990
HFRI Macro (Total) Index Drawdown Analysis since 1990
HFRI Relative Value (Total) Index Drawdown Analysis since 1990
HFRI Fund Weighted Composite Index Percentage of Constituent Funds at High Watermark Q1 2003 – Q1 2024
HFRI Fund Weighted Composite Index Percentage of Constituent Funds at High Watermark 2003 – Q1 2024
3. Asset Flows and Performance Analysis by Strategy
HFRI Fund Weighted Composite Index Quarterly Performance 1998 – Q1 2024
HFRI Fund Weighted Composite Index Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Fund Weighted Composite Index CHF Quarterly Performance 1998 – Q1 2024
HFRI Fund Weighted Composite Index CHF Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Fund Weighted Composite Index EUR Quarterly Performance 1999 – Q1 2024
HFRI Fund Weighted Composite Index EUR Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Fund Weighted Composite Index GBP Quarterly Performance 1998 – Q1 2024
HFRI Fund Weighted Composite Index GBP Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Fund Weighted Composite Index JPY Quarterly Performance 1998 – Q1 2024
HFRI Fund Weighted Composite Index JPY Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow Fund of Funds 1990 – Q1 2024
HFRI Fund of Funds Composite Index Quarterly Performance 1998 – Q1 2024
HFRI Fund of Funds Composite Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow Equity Hedge (Total) 1990 – Q1 2024
HFRI Equity Hedge (Total) Index Quarterly Performance 1998 – Q1 2024
HFRI Equity Hedge (Total) Index Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Equity Hedge (Total) Index Constituents* Risk Return Comparison 12-Month
Estimated Growth of Assets / Net Asset Flow EH: Energy/Basic Materials 1992 – Q1 2024
HFRI EH: Energy/Basic Materials Index Quarterly Performance 1998 – Q1 2024
HFRI EH: Energy/Basic Materials Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow EH: Equity Market Neutral 1990 – Q1 2024
HFRI EH: Equity Market Neutral Index Quarterly Performance 1998 – Q1 2024
HFRI EH: Equity Market Neutral Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow EH: Fundamental Growth 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow EH: Fundamental Value 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow EH: Multi-Strategy 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow EH: Quantitative Directional 1990 – Q1 2024
HFRI EH: Quantitative Directional Index Quarterly Performance 1998 – Q1 2024
HFRI EH: Quantitative Directional Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow EH: Short Bias 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow EH: Technology/Healthcare 1990 – Q1 2024
HFRI EH: Technology/Healthcare Index Quarterly Performance 1998 – Q1 2024
HFRI EH: Technology/Healthcare Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow Event-Driven (Total) 1990 – Q1 2024
HFRI Event-Driven (Total) Index Quarterly Performance 1998 – Q1 2024
HFRI Event-Driven (Total) Index Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Event-Driven (Total) Index Constituents* Risk Return Comparison 12-Month
Estimated Growth of Assets / Net Asset Flow ED: Activist 2003 – Q1 2024
Estimated Growth of Assets / Net Asset Flow ED: Credit Arbitrage 2002 – Q1 2024
Estimated Growth of Assets / Net Asset Flow ED: Distressed/Restructuring 1990 – Q1 2024
HFRI ED: Distressed/Restructuring Index Quarterly Performance 1998 – Q1 2024
HFRI ED: Distressed/Restructuring Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow ED: Merger Arbitrage 1990 – Q1 2024
HFRI ED: Merger Arbitrage Index Quarterly Performance 1998 – Q1 2024
HFRI ED: Merger Arbitrage Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow ED: Multi-Strategy 1996 – Q1 2024
Estimated Growth of Assets / Net Asset Flow ED: Special Situations 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro (Total) 1990 – Q1 2024
HFRI Macro (Total) Index Quarterly Performance 1998 – Q1 2024
HFRI Macro (Total) Index Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Macro (Total) Index Constituents* Risk Return Comparison 12-Month
Estimated Growth of Assets / Net Asset Flow Macro: Active Trading 2003 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Commodity 2003 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Currency-Discretionary 2003 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Currency-Systematic 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Discretionary Thematic 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Multi-Strategy 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow Macro: Systematic Diversified 1990 – Q1 2024
HFRI Macro: Systematic Diversified Index Quarterly Performance 1998 – Q1 2024
HFRI Macro: Systematic Diversified Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow Relative Value (Total) 1990 – Q1 2024
HFRI Relative Value (Total) Index Quarterly Performance 1998 – Q1 2024
HFRI Relative Value (Total) Index Return Distribution Analysis and Up/Down Capture: 10-Year
HFRI Relative Value (Total) Index Constituents* Risk Return Comparison 12-Month
Estimated Growth of Assets / Net Asset Flow RV: Fixed Income – Asset Backed 1990 – Q1 2024
HFRI RV: Fixed Income – Asset Backed Index Quarterly Performance 1998 – Q1 2024
HFRI RV: Fixed Income – Asset Backed Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow RV: Fixed Income – Convertible Arbitrage 1990 – Q1 2024
HFRI RV: Fixed Income – Convertible Arbitrage Index Quarterly Performance 1998 – Q1 2024
HFRI RV: Fixed Income – Convertible Arbitrage Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow RV: Fixed Income – Corporate 1990 – Q1 2024
HFRI RV: Fixed Income – Corporate Index Quarterly Performance 1998 – Q1 2024
HFRI RV: Fixed Income – Corporate Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow RV: Fixed Income – Sovereign 2003 – Q1 2024
Estimated Growth of Assets / Net Asset Flow RV: Multi-Strategy 1990 – Q1 2024
HFRI RV: Multi-Strategy Index Quarterly Performance 1998 – Q1 2024
HFRI RV: Multi-Strategy Index Return Distribution Analysis and Up/Down Capture: 10-Year
Estimated Growth of Assets / Net Asset Flow RV: Volatility 1990 – Q1 2024
Estimated Growth of Assets / Net Asset Flow RV: Yield Alternatives 2002 – Q1 2024
HFRI RV: Yield Alternatives Index Quarterly Performance 1998 – Q1 2024
HFRI RV: Yield Alternatives Index Return Distribution Analysis and Up/Down Capture: 10-Year
Source Data spreadsheet includes:
- Total HF Industry Annual Asset Growth and Number of Funds Estimates since 1990
- Total HF Industry Quarterly Asset Growth, Asset Flows and Number of Funds Estimates since Q1 2005
- HF Industry Annual Asset Growth Estimates since 1990 by strategy
- HF Industry Quarterly Asset Growth Estimates since Q1 2009 by strategy
- HF Industry Annual Asset Flow Estimates since 1990 by strategy
- HF Industry Quarterly Asset Flow Estimates since Q1 2009 by strategy
- HFRI Indices monthly performance series since inception
HFR Asian Hedge Fund Industry Report – Year End 2023
1. Asian Hedge Fund Industry Overview
Estimated Growth of Assets: Asia-Focused Hedge Funds 2002 – 2023
Estimated Net Asset Flows: Asia-Focused Hedge Funds Q1 2008 – Q4 2023
Estimated Change in Asia-Focused Assets per Main Strategy Net Asset Flow vs. Performance-Based AUM Change Q4 2023
Estimated Change in Asia-Focused Assets per Main Strategy Net Asset Flow vs. Performance-Based AUM Change Full Year 2023
Estimated Change in Asia-Focused Assets per Sub-Region Net Asset Flow vs. Performance-Based AUM Change Q4 2023
Estimated Change in Asia-Focused Assets per Sub-Region Net Asset Flow vs. Performance-Based AUM Change Full Year 2023
Estimated Net Asset Flows per Main Strategy Total Net Flow Assets of Asia-Focused Funds with Inflows vs. Outflows Q4 2023
Estimated Growth of Hedge Fund Assets by Regional Investment Focus Asia vs. Global vs. Total Industry 2002 – 2023
Estimated Growth of Hedge Fund Assets by Regional Investment Focus Asia vs. Global vs. All Other Regions 2002 – 2023
Estimated Growth of Assets / Net Asset Flow Total Hedge Fund Industry 1990 – 2023
Estimated # of Hedge Funds by Regional Investment Focus Asia vs. Global vs. Total Industry 2002 – 2023
Estimated # of Hedge Funds by Regional Investment Focus Asia vs. Global vs. All Other Regions 2002 – 2023
Estimated Asia Net Asset Flows by Strategy and Region Q4 2023
Estimated Hedge Fund Industry by Region Investment Focus
Estimated Asian-Focused Hedge Funds by Strategy Q4 2023
Estimated # Funds by Strategy Q4 2023
Estimated AUM by Strategy Q4 2023
Estimated AUM of Asian-Focused Funds by Sub-Strategy Q4 2023
Estimated Main Strategy AUM of Asian-Focused Funds by Sub-Strategy Q4 2023
Estimated Sub-Regional Composition of Asia-Focused Hedge Fund Assets 2002 – 2023
Estimated Sub-Regional Composition of Asia-Focused Hedge Fund Assets Normalized for AUM Distribution of “Global” and “Multiple Emerging Markets” AUM* 2002 – 2023
Estimated Sub-Regional Composition of # Asia-Focused Hedge Funds 2002 – 2023
Estimated Asian-Focused Hedge Funds by Sub-Region
Estimated AUM of Asian-Focused Hedge Funds by Sub-Region Normalized for AUM Distribution of “Global” and “Multiple Emerging Markets” AUM – 2023
Distribution of # Hedge Funds by Fund AUM Tier Q4 2023
Distribution of Hedge Fund Assets by Fund AUM Tier Q4 2023
Estimated Management Firm Location # Asia-Focused Hedge Funds Q4 2023
Estimated Management Firm Location # Asia-Focused Hedge Funds excluding USA and UK Q4 2023
Estimated Domicile Registration Total HF Industry and Asia-Focused Funds Q4 2023
Estimated Breakdown of Prime Brokers for Asia-Focused Hedge Funds Q4 2023
Estimated # Funds Breakdown of Fund Administrators for Asia-Focused Hedge Funds Q4 2023
Estimated Breakdown of Legal Firms for Asia-Focused Hedge Funds Q4 2023
Estimated Breakdown of Auditors for Asia-Focused Hedge Funds Q4 2023
Estimated Minimum Investment Size of Asia-Focused Hedge Funds Q4 2023
Estimated Age of Asia-Focused Hedge Funds Q4 2023
Estimated Investment Subscriptions/Redemptions Asia-Focused Hedge Funds Q4 2023
Estimated Advanced Days Notice for Investor Redemptions Asia-Focused Hedge Funds Q4 2023
2. HFRI & HFRX Index Performance and Risk/Return Analysis
Index Performance Analysis
HFR Indices Annual Investment Returns 2013 – 2023
Index Performance 12-Month
Index Standard Deviation 12-Month
Index Sharpe Ratio 12-Month
Index % of Positive Monthly Performance 12-Month
Index Correlation to S&P 500 Index 12-Month
Historical Monthly Correlation to S&P 500 Index 12-Month Rolling
Index Correlation to Nikkei 225 Index 12-Month
Historical Monthly Correlation to Nikkei 225 Index 12-Month Rolling
Index Correlation to Shanghai Composite Index 12-Month
Historical Monthly Correlation to Shanghai Composite Index 12-Month Rolling
Index Correlation Matrix 12-Month
Index Performance 3-Year Annualized
Index Performance 3-Year Cumulative Return
Index Standard Deviation 3-Year Annualized
Index Sharpe Ratio 3-Year
Index Sortino Ratio 3-Year
Index % of Positive Monthly Performance 3-Year Annualized
Index Correlation to S&P 500 Index 3-Year
Historical Monthly Correlation to S&P 500 Index 3-Year Rolling
Index Correlation to Nikkei 225 Index 3-Year
Historical Monthly Correlation to Nikkei 225 Index 3-Year Rolling
Index Correlation to Shanghai Composite Index 3-Year
Historical Monthly Correlation to Shanghai Composite Index 3-Year Rolling
Index Correlation Matrix 3-Year
Distributional Properties of Returns: Index Analysis
HFRI Emerging Markets (Total) Index Quarterly Performance Q1 2002 – 2023
HFRI Emerging Markets: Asia ex-Japan Index Quarterly Performance Q1 2002 – 2023
HFRI Emerging Markets: China Index Quarterly Performance Q1 2008 – 2023
HFRI Fund Weighted Composite Index Quarterly Performance Q1 2002 – 2023
HFRX Japan Index Quarterly Performance Q1 2004 – 2023
HFRX Asia w/Japan Index Quarterly Performance Q1 2004 – 2023
HFRX Asia ex-Japan Index Quarterly Performance Q1 2004 – 2023
HFRX China Index Quarterly Performance Q1 2005 – 2023
HFRX India Index Quarterly Performance Q1 2005 – 2023
HFRX Asia Composite Hedge Fund Index Quarterly Performance Q1 2004 – 2023
HFRX Equally Weighted Asian Index Quarterly Performance Q1 2004 – 2023
HFRI Emerging Markets (Total) Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: Asia Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: China Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Fund Weighted Composite Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX Japan Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX Asia with Japan Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX Asia ex-Japan Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX China Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX India Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX Asia Composite Hedge Fund Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRX Equally Weighted Asian Index 3-Year Return Distribution Analysis and Up/Down Capture
HFR Emerging Markets HF Industry Report – Year End 2023
1. Emerging Markets Hedge Fund Industry Overview
Estimated Annual Growth of Assets / Net Asset Flows Emerging Markets 2002 – 2023
Estimated Quarterly Growth of Assets / Net Asset Flows Emerging Markets Q1 2008 – Q4 2023
Estimated Growth of Assets: Emerging Markets Funds per Main Strategy Net Asset Flow vs. Performance-Based Q4 2023
Estimated Growth of Assets: Emerging Markets Funds per Main Strategy Net Asset Flow vs. Performance-Based Full Year 2023
Estimated Growth of Assets: Emerging Markets Funds per Sub-Region Focus Net Asset Flow vs. Performance-Based Q4 2023
Estimated Growth of Assets: Emerging Markets Funds per Sub-Region Focus Net Asset Flow vs. Performance-Based Full Year 2023
Percentage of Emerging Markets Funds with Inflows vs. Outflows Q4 2023
Estimated Emerging Markets Net Asset Flows per Main Strategy AUM of Emerging Markets Funds with Inflows vs. Outflows Q4 2023
Estimated Emerging Markets Net Asset Flows per Sub-Region Focus AUM of Emerging Markets Funds with Inflows vs. Outflows Q4 2023
Estimated Growth of Hedge Fund Assets by Regional Investment Focus Emerging Markets vs. Global vs. Total Industry 2002 – 2023
Estimated Growth of Assets / Net Asset Flow Total Hedge Fund Industry 1990 – 2023
Estimated Growth of # Hedge Funds Emerging Markets vs. Global vs. Total Industry 2002 – 2023
Estimated Hedge Fund Industry by Regional Investment Focus Q4 2023
Estimated Emerging Markets Hedge Funds by Strategy Q4 2023
Estimated Strategy Composition Hedge Fund Assets Emerging Markets Funds and Total HF Industry Q4 2023
Estimated Sub-Strategy Composition of Emerging Markets Assets Q4 2023
Estimated Sub-Strategy Composition of Emerging Markets Assets Q4 2023
Estimated Sub-Regional Composition of Emerging Markets Assets 2002 – 2023
Estimated Sub-Regional Composition of Emerging Markets Assets Normalized for AUM Distribution of “Global” and “Multiple Emerging Markets” AUM* 2002 – 2023
Estimated Emerging Markets Hedge Funds by Sub-Regional Investment Focus
Estimated AUM of Emerging Markets Hedge Funds by Sub-Regional Investment Focus Normalized for AUM Distribution of “Global” and “Multiple Emerging Markets” AUM – 2023*
Estimated Management Firm Location by # Funds Emerging Markets Hedge Funds Q4 2023
Estimated Management Firm Location by # Funds Emerging Markets Hedge Funds excluding USA and UK Q4 2023
Estimated Domicile Registration Emerging Markets Funds Q4 2023
Estimate of Prime Brokers for Emerging Markets Hedge Funds Q4 2023
Estimate of Fund Administrators for Emerging Markets Hedge Funds Q4 2023
Estimated Breakdown of Legal Firms for Emerging Markets Hedge Funds Q4 2023
Estimated Breakdown of Auditors for Emerging Markets Hedge Funds Q4 2023
Estimated Minimum Investment Size of Emerging Markets Hedge Funds Q4 2023
Estimated Age of Emerging Markets Hedge Funds Q4 2023
Estimated Investment Subscriptions/Redemptions Emerging Markets Hedge Funds Q4 2023
2. Dispersion of Emerging Markets Fund Performance
HFRI Emerging Markets (Total) Index Analysis Dispersion of Average Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets (Total) Index Analysis Dispersion of Median Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Asia ex-Japan Index Analysis Dispersion of Average Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Asia ex-Japan Index Analysis Dispersion of Median Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Global Index Analysis Dispersion of Average Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Global Index Analysis Dispersion of Median Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Latin America Index Analysis Dispersion of Average Fund Performance by Quartiles Full Year 2023
HFRI Emerging Markets: Latin America Index Analysis Dispersion of Median Fund Performance by Quartiles Full Year 2023
3. HFRI Index Performance and Risk/Return Analysis
HFR Emerging Markets Index Performance Analysis
Emerging Markets Index Performance Analysis: Asia ex-Japan
Emerging Markets Index Performance Analysis: Latin America
Emerging Markets Index Performance Analysis: Russia / Eastern Europe
Emerging Markets Index Performance Analysis: Middle-East / North Africa (MENA)
HFRI Emerging Markets (Total) Index Drawdown Analysis since 1990
Index Performance 12-Month
Index Standard Deviation 12-Month
Index Sharpe Ratio 12-Month
Index Sortino Ratio 12-Month
Index % of Positive Monthly Performance 12-Month
Index Correlation to S&P 500 Index 12-Month
Historical Monthly Correlation to S&P 500 Index 12-Month Rolling
Index Correlation to Shanghai Composite Index 12-Month
Historical Monthly Correlation to Shanghai Composite Index 12-Month Rolling
Index Correlation to Russian Trading System Index 12-Month
Historical Monthly Correlation to Russian Trading System Index 12-Month Rolling
Index Correlation to Brazil Bovespa Stock Index 12-Month
Historical Monthly Correlation to Brazil Bovespa Stock Index 12-Month Rolling
Index Correlation Matrix 12-Month
Index Performance 3-Year Annualized
Index Performance 3-Year Cumulative Return
Index Standard Deviation 3-Year Annualized
Index Sharpe Ratio 3-Year
Index Sortino Ratio 3-Year
Index % of Positive Monthly Performance 3-Year
Index Correlation to S&P 500 Index 3-Year
Historical Monthly Correlation to S&P 500 Index 3-Year Rolling
Index Correlation to Shanghai Composite Index 3-Year
Historical Monthly Correlation to Shanghai Composite Index 3-Year Rolling
Index Correlation to Russian Trading System Index 3-Year
Historical Monthly Correlation to Russian Trading System Index 3-Year Rolling
Index Correlation to Brazil Bovespa Stock Index 3-Year
Historical Monthly Correlation to Brazil Bovespa Stock Index 3-Year Rolling
Index Correlation Matrix 3-Year
Index Performance 5-Year Annualized
Index Performance 5-Year Cumulative Return
Index Standard Deviation 5-Year Annualized
Index Sharpe Ratio 5-Year
Index Sortino Ratio 5-Year
Index % of Positive Monthly Performance 5-Year
Index Correlation to S&P 500 Index 5-Year
Historical Monthly Correlation to S&P 500 Index 5-Year Rolling
Index Correlation to Shanghai Composite Index 5-Year
Historical Monthly Correlation to Shanghai Composite Index 5-Year Rolling
Index Correlation to Russian Trading System Index 5-Year
Historical Monthly Correlation to Russian Trading System Index 5-Year Rolling
Index Correlation to Brazil Bovespa Stock Index 5-Year
Historical Monthly Correlation to Brazil Bovespa Stock Index 5-Year Rolling
Index Correlation Matrix 5-Year
Distributional Properties of Returns: Index Analysis
HFRI Emerging Markets (Total) Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Emerging Markets: Asia ex-Japan Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Emerging Markets: Global Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Emerging Markets: India Index Quarterly Performance Q1 2008 – Q4 2023
HFRI Emerging Markets: Latin America Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Emerging Markets: MENA Index Quarterly Performance Q1 2008 – Q4 2023
HFRI Emerging Markets: Russia / Eastern Europe Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Fund Weighted Composite Index Quarterly Performance Q1 2002 – Q4 2023
HFRI Emerging Markets (Total) Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: Asia ex-Japan Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: Global Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: India Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: Latin America Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: MENA Index 3-Year Return Distribution Analysis and Up/Down Capture
HFRI Emerging Markets: Russia / Eastern Europe Index 3-Year Return Distribution Analysis and Up/Down Capture
4. Index Performance Analysis Through January 2024
HFR Emerging Markets Index Performance Analysis Periods ending January 2024
Emerging Markets Index Performance Analysis: Asia ex-Japan Periods ending January 2024
Emerging Markets Index Performance Analysis: Latin America Periods ending January 2024
Emerging Markets Index Performance Analysis: Russia / Eastern Europe Periods ending January 2024
Emerging Markets Index Performance Analysis: Middle-East / North Africa (MENA) Periods ending January 2024
Index Performance 12-Month Ending January 2024
Index Standard Deviation 12-Month Ending January 2024
Index Sharpe Ratio 12-Month Ending January 2024
Index Sortino Ratio 12-Month Ending January 2024
Index % of Positive Monthly Performance 12-Month Ending January 2024
Index Correlation to S&P 500 Index 12-Month Ending January 2024
Historical Monthly Correlation to S&P 500 Index 12-Month Rolling Ending January 2024
Index Correlation to Shanghai Composite Index 12-Month Ending January 2024
Historical Monthly Correlation to Shanghai Composite Index 12-Month Rolling Ending January 2024
Index Correlation to Russian Trading System Index 12-Month Ending January 2024
Historical Monthly Correlation to Russian Trading System Index 12-Month Rolling Ending January 2024
Index Correlation to Brazil Bovespa Stock Index 12-Month Ending January 2024
Historical Monthly Correlation to Brazil Bovespa Stock Index 12-Month Rolling Ending January 2024
Index Correlation Matrix 12-Month Ending January 2024
Index Performance 3-Year Annualized Ending January 2024
Index Performance 3-Year Cumulative Return Ending January 2024
Index Standard Deviation 3-Year Annualized Ending January 2024
Index Sharpe Ratio 3-Year Ending January 2024
Index Sortino Ratio 3-Year Ending January 2024
Index % of Positive Monthly Performance 3-Year Ending January 2024
Index Correlation to S&P 500 Index 3-Year Ending January 2024
Historical Monthly Correlation to S&P 500 Index 3-Year Rolling Ending January 2024
Index Correlation to Shanghai Composite Index 3-Year Ending January 2024
Historical Monthly Correlation to Shanghai Composite Index 3-Year Rolling Ending January 2024
Index Correlation to Russian Trading System Index 3-Year Ending January 2024
Historical Monthly Correlation to Russian Trading System Index 3-Year Rolling Ending January 2024
Index Correlation to Brazil Bovespa Stock Index 3-Year Ending January 2024
Historical Monthly Correlation to Brazil Bovespa Stock Index 3-Year Rolling Ending January 2024
Index Correlation Matrix 3-Year Ending January 2024
Index Performance 5-Year Annualized Ending January 2024
Index Performance 5-Year Cumulative Return Ending January 2024
Index Standard Deviation 5-Year Annualized Ending January 2024
Index Sharpe Ratio 5-Year Ending January 2024
Index Sortino Ratio 5-Year Ending January 2024
Index % of Positive Monthly Performance 5-Year Ending January 2024
Index Correlation to S&P 500 Index 5-Year Ending January 2024
Historical Monthly Correlation to S&P 500 Index 5-Year Rolling Ending January 2024
Index Correlation to Shanghai Composite Index 5-Year Ending January 2024
Historical Monthly Correlation to Shanghai Composite Index 5-Year Rolling Ending January 2024
Index Correlation to Russian Trading System Index 5-Year Ending January 2024
Historical Monthly Correlation to Russian Trading System Index 5-Year Rolling Ending January 2024
Index Correlation to Brazil Bovespa Stock Index 5-Year Ending January 2024
Historical Monthly Correlation to Brazil Bovespa Stock Index 5-Year Rolling Ending January 2024
Index Correlation Matrix 5-Year Ending January 2024
Distributional Properties of Returns: Index Analysis Ending January 2024
HFR Market Microstructure HF Industry Report – Year End 2023
1. Hedge Fund Industry Strategy Evolution & Growth
Estimated Growth of Industry Assets by Main Strategy Hedge Fund Industry 1990 – 2023
Estimated Growth of Assets by Sub-Strategy Equity Hedge 1990 – 2023
Estimated Growth of Assets by Sub-Strategy Event-Driven 1990 – 2023
Estimated Growth of Assets by Sub-Strategy Macro 1990 – 2023
Estimated Growth of Assets by Sub-Strategy Relative Value 1990 – 2023
Estimated Growth of Assets by Funds of Hedge Funds 1990 – 2023
Historical Percent of Total Industry Assets from Funds of Hedge Funds 1990 – 2023
Estimated Breakdown of Fund Management Firm Location All Single-Manager Strategy Funds – Q4 2023
Estimated Breakdown of Fund Management Firm Location excluding USA and UK All Single-Manager Strategy Funds – Q4 2023
Estimated Breakdown of Fund Management Firm Location Equity Hedge – Q4 2023
Estimated Breakdown of Fund Management Firm Location Event-Driven – Q4 2023
Estimated Breakdown of Fund Management Firm Location Macro – Q4 2023
Estimated Breakdown of Fund Management Firm Location Relative Value – Q4 2023
Estimated Breakdown of Fund Management Firm Location Fund of Funds – Q4 2023
Estimated Breakdown of Fund Management Firm Location Fund Regional Investment Focus in Americas – Q4 2023
Estimated Breakdown of Fund Management Firm Location Fund Regional Investment Focus in Asia – Q4 2023
Estimated Breakdown of Fund Management Firm Location Fund Regional Investment Focus in Europe – Q4 2023
Estimated Breakdown of Fund Management Firm Location Fund Regional Investment Focus in Other Regions* – Q4 2023
2. Industry Service Providers & Hedge Fund SEC-Registration Analysis
Estimated Breakdown of Hedge Fund Prime Brokers Fund Regional Investment Focus – All Regions – Q4 2023
Estimated Breakdown of Hedge Fund Prime Brokers Fund Regional Investment Focus in Americas – Q4 2023
Estimated Breakdown of Hedge Fund Prime Brokers Fund Regional Investment Focus in Asia – Q4 2023
Estimated Breakdown of Hedge Fund Prime Brokers Fund Regional Investment Focus in Europe – Q4 2023
Estimated Breakdown of Hedge Fund Prime Brokers Fund Regional Investment Focus in Other Regions* – Q4 2023
Estimated Breakdown of Hedge Fund Administrators Fund Regional Investment Focus – All Regions – Q4 2023
Estimated Breakdown of Hedge Fund Administrators Fund Regional Investment Focus in Americas – Q4 2023
Estimated Breakdown of Hedge Fund Administrators Fund Regional Investment Focus in Asia – Q4 2023
Estimated Breakdown of Hedge Fund Administrators Fund Regional Investment Focus in Europe – Q4 2023
Estimated Breakdown of Hedge Fund Administrators Fund Regional Investment Focus in Other Regions* – Q4 2023
Estimated Breakdown of Hedge Fund Legal Firms All Regions – Q4 2023
Estimated Breakdown of Hedge Fund Auditors All Regions – Q4 2023
Estimated % SEC-Registered Investment Advisers All Hedge Fund Firms Q4 2023
Estimated % SEC-Registered Investment Advisers Hedge Fund Firms Headquartered in USA Q4 2023
3. Industry Performance & Dispersion Analysis
HFRI Fund Weighted Composite Index Quarterly Performance Q1 1990 – Q4 2023
HFRI Fund Weighted Composite Index Return Distribution Analysis and Up/Down Capture 1990 – 2023
HFRI Asset Weighted Composite Index Quarterly Performance Q1 2008 – Q4 2023
HFRI Asset Weighted Composite Index Return Distribution Analysis and Up/Down Capture 2008 – 2023
HFRI Fund Weighted Composite vs. HFRI Asset Weighted Composite Performance Comparison Growth of $1,000 since 2008
HFRI Fund Weighted Composite Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
HFRI Fund Weighted Composite Analysis Average Fund Performance of Top/Bottom Deciles 2000 – 2023
HFRI Fund Weighted Composite Analysis Average Fund Performance of Top/Bottom Quintiles 2000 – 2023
HFRI Fund Weighted Composite Analysis Dispersion of Median Fund Performance by Deciles Full Year 2023
HFRI Fund Weighted Composite Analysis Median Fund Performance of Top/Bottom Deciles 2000 – 2023
HFRI Fund of Funds Composite Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
HFRI Fund of Funds Composite Analysis Average Fund Performance of Top/Bottom Deciles 2000 – 2023
HFRI Fund of Funds Composite Analysis Average Fund Performance of Top/Bottom Quintiles 2000 – 2023
HFRI Fund of Funds Composite Analysis Dispersion of Median Fund Performance by Deciles Full Year 2023
HFRI Fund of Funds Composite Analysis Median Fund Performance of Top/Bottom Deciles 2000 – 2023
HFRI Equity Hedge Index Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
HFRI Event-Driven Index Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
HFRI Macro Index Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
HFRI Relative Value Index Analysis Dispersion of Average Fund Performance by Deciles Full Year 2023
4. Analysis of Industry Fee Structure
Average Management and Incentive Fees – All Single Manager Strategies 2008 – 2023
Average and Median Management Fee per Strategy Q4 2023
Average Management Fee per Strategy 2008 – 2023
% of Funds per Management Fee Tier Q4 2023
% of Funds per Management Fee Tier by Strategy Q4 2023
Average and Median Management Fee per Regional Investment Focus Q4 2023
Average Management Fee per Regional Investment Focus 2008 – 2023
% of Funds per Management Fee Tier by Regional Investment Focus Q4 2023
HFRI Fund Weighted Composite Index Management Fee Dispersion by Fund Performance Deciles Full Year 2023
HFRI Fund Weighted Composite Index Performance by Current Management Fee Tier Periods ending Q4 2023
Average and Median Incentive Fee per Strategy Q4 2023
Average Incentive Fee per Strategy 2008 – 2023
% of Funds per Incentive Fee Tier Q4 2023
% of Funds per Incentive Fee Tier by Strategy Q4 2023
Average and Median Incentive Fee per Regional Investment Focus Q4 2023
Average Incentive Fee per Regional Investment Focus 2008 – 2023
% of Funds per Incentive Fee Tier by Regional Investment Focus Q4 2023
Average Management Fees by Fund Launch Quarter Q1 2012 – Q4 2023
Average Management Fees by Fund Launch Year 2000 – 2023
Average Incentive Fees by Fund Launch Quarter Q1 2012 – Q4 2023
Average Incentive Fees by Fund Launch Year 2000 – 2023
HFRI Fund of Funds Composite Index Performance by Current Management Fee Bucket Periods ending Q4 2023
HFRI Fund of Funds Composite Index Performance by Current Incentive Fee Bucket Periods ending Q4 2023
5. Industry Launches & Liquidations
Estimated Number of Funds Launched/Liquidated 1996 – 2023
Estimated Number of Funds Launched/Liquidated Quarterly Breakdown Q1 2008 – Q4 2023
Estimated Number of Fund Launches by Strategy (Stacked Bars) 1996 – 2023
Estimated Breakdown of Fund Launches by Strategy (Separate Bars) 1996 – 2023
Estimated % Breakdown of Fund Launches by Strategy 1996 – 2023
Estimated Launch Rate of All Funds per Year 1996 – 2023
Estimated Launch Rate of All Funds Q1 2008 – Q4 2023
Estimated Launch Rate of Single-Mgr Funds per Year 1996 – 2023
Estimated Launch Rate of Single-Mgr Funds Q1 2008 – Q4 2023
Estimated Launch Rate of Fund of Hedge Funds per Year 1996 – 2023
Estimated Launch Rate of Fund of Hedge Funds Q1 2008 – Q4 2023
Estimated Number of Fund Liquidations by Strategy (Stacked Bars) 1996 – 2023
Estimated Breakdown of Fund Liquidations by Strategy (Separate Bars) 1996 – 2023
Estimated % Breakdown of Fund Liquidations by Strategy 1996 – 2023
Estimated Attrition Rate of All Funds per Year 1996 – 2023
Estimated Attrition Rate of All Funds Q1 2008 – Q4 2023
Estimated Attrition Rate of Single-Mgr Funds per Year 1996 – 2023
Estimated Attrition Rate of Single-Mgr Funds Q1 2008 – Q4 2023
Estimated Attrition Rate of Fund of Hedge Funds per Year 1996 – 2023
Estimated Attrition Rate of Fund of Hedge Funds Q1 2008 – Q4 2023
Estimated Breakdown of Single-Manager Fund Launches by Regional Investment Focus Q4 2023
Estimated Breakdown of Single-Manager Fund Liquidations by Regional Investment Focus Q4 2023
Estimated Number of Fund Launches by Management Firm Location 2001 – 2023
Estimated Breakdown of Fund Launches by Management Firm Location 2001 – 2023
Estimated % Breakdown of Fund Launches by Management Firm Location 2001 – 2023
Estimated Number of Fund Liquidations by Management Firm Location 2001 – 2023
Estimated Breakdown of Fund Liquidations by Management Firm Location 2001 – 2023
Estimated % Breakdown of Fund Liquidations by Management Firm Location 2001 – 2023
6. Analysis of Diversity & New Manager Universes
Index Constituent Comparison Percent of Funds per Strategy Q4 2023
Index Constituent Comparison Percent of Assets per Strategy Q4 2023
Index Constituent Comparison Percent of Funds per Asset Tier Q4 2023
Index Constituent Comparison Percent of Firms per Asset Tier Q4 2023
Index Constituent Comparison Percent of Funds per Track Record Q4 2023
HFRI Fund Weighted Composite vs. Diversity Universe Growth of $1,000 since 2003
HFRI FWC Index vs. Diversity Universe % Assets per Strategy Q4 2023
Estimated Growth of Diversity Universe Assets by Strategy 1990 – 2023
Historical Percent of Total Industry Assets from Diversity Universe 1990 – 2023
HFRX Global Hedge Fund Index vs. HFRX Diversity Index Growth of $1,000 since 2003
HFRX Global Index vs. HFRX Diversity Index % Assets per Strategy Q4 2023
HFRI Diversity / HFRI Women Indices Performance Comparison: Periods ending Q4 2023 Growth of $1,000 since 2007
HFRX Diversity / HFRX Diversity Women Indices Performance Comparison: Periods ending Q4 2023 Growth of $1,000 since 2007
New Funds vs. Established Funds Performance / # Funds since 1995
Performance Analysis of New Funds vs. Established Funds
Historical Annual Performance of New Funds vs. Established Funds
New Funds Equity Beta Test
New Funds vs. Established Funds Average Fund Asset Size
New Funds vs. Established Funds Annual Performance per Fund Asset Size Tier since 1995
All Funds Performance per Fund Asset Size Tier
Performance by Fund Asset Size Tier Periods ending Q4 2023
New Funds vs. Established Funds Analysis by Fund Size Regression Model
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