The HFRI 400 (US) ED: Activist Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Activist hedge funds that comprise the index are a subset of the HFRI 400 (US) Event Driven Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
HFRI 400 (US) Hedge Fund Indices
Index Descriptions
The HFRI 400 (US) ED: Distressed/Restructuring Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Distressed/Restructuring hedge funds that comprise the index are a subset of the HFRI 400 (US) Event Driven Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) ED: Event Driven ex-Merger Arbitrage Index is a global, equal-weighted index of single-manager funds that report to HFR which are open to new investment by US investors and offer quarterly liquidity or better. The index is comprised of eligible Event Driven funds that are not classified as Merger Arbitrage. For more information please contact Indices@hfr.com.
The HFRI 400 (US) ED: Merger Arbitrage Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Merger Arbitrage hedge funds that comprise the index are a subset of the HFRI 400 (US) Event Driven Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) ED: Multi-Strategy Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Multi-Strategy hedge funds that comprise the index are a subset of the HFRI 400 (US) Event Driven Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) ED: Special Situations Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Special Situations hedge funds that comprise the index are a subset of the HFRI 400 (US) Event Driven Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Energy/Basic Materials Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Energy/Basic Materials hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Equity Market Neutral Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Equity Market Neutral hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Fundamental Growth Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fundamental Growth hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Fundamental Value Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fundamental Value hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Healthcare Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Healthcare hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Long/Short Index is a global, equal-weighted index of single-manager funds that report to HFR which are open to new investment by US investors and offer quarterly liquidity or better. The index is comprised of eligible Equity Hedge funds that are not classified as Equity Market Neutral. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Multi-Strategy Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Multi-Strategy hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Quantitative Directional Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Quantitative Directional hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) EH: Technology Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Technology hedge funds that comprise the index are a subset of the HFRI 400 (US) Equity Hedge Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Equity Hedge Index is a global, equal-weighted index of the largest hedge funds that report to the HFR which are open to new investment by US investors and offer quarterly liquidity or better. The Equity Hedge funds that comprise the index are a subset of the HFRI 400 (US) Fund Weighted Composite Index. The index is rebalanced on a quarterly basis.
The HFRI 400 (US) Event Driven Index is a global, equal-weighted index of the largest hedge funds that report to the HFR which are open to new investment by US investors and offer quarterly liquidity or better. The Event Driven funds that comprise the index are a subset of the HFRI 400 (US) Fund Weighted Composite Index. The index is rebalanced on a quarterly basis.
The HFRI 400 (US) Fund Weighted Composite Index is a global, equal-weighted index of the largest hedge funds that report to the HFR which are open to new investment by US investors and offer quarterly liquidity or better. The index constituents are classified into Equity Hedge, Event Driven, Macro or Relative Value strategies. The index is rebalanced on a quarterly basis.
The HFRI 400 (US) Macro Index is a global, equal-weighted index of the largest hedge funds that report to the HFR which are open to new investment by US investors and offer quarterly liquidity or better. The Macro funds that comprise the index are a subset of the HFRI 400 (US) Fund Weighted Composite Index. The index is rebalanced on a quarterly basis.
The HFRI 400 (US) Macro: Commodity Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Commodity hedge funds that comprise the index are a subset of the HFRI 400 (US) Macro Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Currency Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Currency hedge funds that comprise the index are a subset of the HFRI 400 (US) Macro Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Discretionary Macro Index is a global, equal-weighted index of single-manager funds that report to HFR which are open to new investment by US investors and offer quarterly liquidity or better. Discretionary strategies are primarily reliant on the evaluation of market data, relationships and influences, as interpreted by an individual or group of individuals who make decisions on portfolio positions; strategies employ an investment process most heavily influenced by top down analysis of macroeconomic variables. Investment Managers may trade actively in developed and emerging markets, focusing on both absolute and relative levels on equity markets, interest rates/fixed income markets, currency and commodity markets; frequently employing spread trades to isolate a differential between instrument identified by the Investment Manager to be inconsistent with expected value. Portfolio positions typically are predicated on the evolution of investment themes the Manager expect to materialize over a relevant time frame, which in many cases contain contrarian or volatility focused components. The HFRI 400 (US) Macro: Discretionary Macro Index may also include constituents classified as Macro: Commodity, Macro: Currency and Macro: Multi-Strategy, as determined by HFR. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Discretionary Thematic Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Discretionary Thematic hedge funds that comprise the index are a subset of the HFRI 400 (US) Macro Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Multi-Strategy Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Multi-Strategy hedge funds that comprise the index are a subset of the HFRI 400 (US) Macro Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Systematic Diversified Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Systematic Diversified hedge funds that comprise the index are a subset of the HFRI 400 (US) Macro Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Macro: Systematic Macro Index is a global, equal-weighted index of single-manager funds that report to HFR which are open to new investment by US investors and offer quarterly liquidity or better. Systematic Macro strategies have investment processes typically as function of mathematical, algorithmic and technical models, with little or no influence of individuals over the portfolio positioning. Strategies which employ an investment process designed to identify opportunities in markets exhibiting trending or momentum characteristics across individual instruments or asset classes. Strategies typically employ quantitative process which focus on statistically robust or technical patterns in the return series of the asset, and typically focus on highly liquid instruments and maintain shorter holding periods than either discretionary or mean reverting strategies. Although some strategies seek to employ counter trend models, strategies benefit most from an environment characterized by persistent, discernable trending behavior. The HFRI 400 (US) Macro: Systematic Macro Index may also include constituents classified as Macro: Commodity, Macro: Currency and Macro: Multi-Strategy, as determined by HFR. For more information please contact Indices@hfr.com.
The HFRI 400 (US) Relative Value Index is a global, equal-weighted index of the largest hedge funds that report to the HFR which are open to new investment by US investors and offer quarterly liquidity or better. The Relative Value funds that comprise the index are a subset of the HFRI 400 (US) Fund Weighted Composite Index. The index is rebalanced on a quarterly basis.
The HFRI 400 (US) RV: Fixed Income - Asset Backed Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fixed Income - Asset Backed hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Fixed Income - Convertible Arbitrage Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fixed Income - Convertible Arbitrage hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Fixed Income - Corporate Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fixed Income - Corporate hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Fixed Income - Sovereign Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Fixed Income - Sovereign hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Fixed Income Relative Value Index is a global, equal-weighted index of single-manager funds that report to HFR which are open to new investment by US investors and offer quarterly liquidity or better. The index is comprised of eligible Relative Value funds that are classified as RV: Fixed Income - Asset Backed, RV: Fixed Income - Convertible Arbitrage, RV: Fixed Income - Corporate and RV: Fixed Income - Sovereign. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Multi-Strategy Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Multi-Strategy hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.
The HFRI 400 (US) RV: Volatility Index is a global, equal-weighted index of the largest hedge funds that report to HFR, are open to new investment by US investors and offer quarterly liquidity or better. The Volatility hedge funds that comprise the index are a subset of the HFRI 400 (US) Relative Value Index. The index is rebalanced on a quarterly basis. For more information please contact Indices@hfr.com.