HFRI 500 Hedge Fund Index Methodology
The HFRI 500 Hedge Fund Indices consist of hedge funds that 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 HFR, 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
The HFRI 500 Low Beta Index methodology was updated on December 9, 2022 and the index performance series was revised.
HFRI 500 Index methodology was last updated effective August 27, 2022. Please review the published Defined Formulaic Methodology pdf document on this page for details.
Publication of the HFRI 500 ED: Credit Arbitrage Index was suspended indefinitely on November 5, 2021