HFRI 500 Hedge Fund Index Methodology
The HFRI 500 Hedge Fund Indices consist of the largest 500 funds that report to the HFR Database, are open to new investments and offer quarterly liquidity or better. The indices are equal-weighted and rebalanced on a quarterly basis.
Funds are classified into four main strategies following the hedge fund strategy classification of Hedge Fund Research, Inc.
Eligibility Criteria
Constituents included in the HFRI 500 Hedge Fund Indices must:
• Report monthly returns in USD
• Report net of all fees returns
• Report assets under management
• Be open to new investments
• Provide quarterly redemption liquidity or better
• Be within the largest 500 funds in terms of their liquidity and assets under management that meet all the above criteria