Designed to reflect the performance of the largest and most liquid funds in the hedge fund industry.
Broadly constructed indices designed to capture the breadth of hedge fund performance trends across all strategies and regions.
Indices utilizing a rigorous quantitative selection process to represent the broader hedge fund universe.
Designed to track performance trends across a variety of ESG strategies.
Designed to reflect the performance of liquid alternative investment strategies compliant with established UCITS guidelines.
Performance benchmarks comprised of alternative investment strategies compliant with established UCITS guidelines.
Indices are comprised of hedge funds investing in cryptocurrency and distributed ledger technologies.
The Investor Guidebook is designed to offer a comprehensive overview of the investable HFRI 500 Indices.
Review the characteristics that differentiate the various HFR Index families.
Learn more about our HFR Index Direct licensing program.
HFR is an ESMA Registered Benchmark Administrator.
Access our detailed database of thousands of hedge funds, fund of funds and managed futures investment products. Research Alternative UCITS funds and U.S. Liquid Alternatives. Analyze HFR Index constituents
Research HFRI® Indices constituents using powerful data visualization technology.
Conduct long term studies on liquidated and non-reporting hedge funds. The HFR Dead Funds Database is the essential guide to over 21,000 alternative investment products that have liquidated or otherwise ceased reporting.
Access our detailed database of leading institutional investors in the hedge fund industry. Research endowments, foundations, pensions, wealth management firms and beyond.
Already have an account? Follow the link below to log into HFRDatabase.com
An essential guide for institutional investors and alternative asset managers, the HFR Global Hedge Fund Industry Report provides detailed information on current hedge fund trends and historical data.
HFR Market Microstructure Hedge Fund Industry Reports provide an extensive and sophisticated cross-sectional analysis of the hedge fund industry.
Covering one of the fastest growing areas of the hedge fund industry, the HFR Asian Hedge Fund Industry Report provides exceptional region-specific analysis.
Resourceful investment managers watch for rewarding opportunities in emerging markets. This HFR Industry Report provides analysis of the world of emerging market hedge funds.
Industry insiders utilize our full set of HFR Industry Reports to gain a detailed picture of current trends and a historical perspective of the hedge fund industry.
This bundled subscription of our most popular research publications will keep you on top of significant developments in the hedge fund industry.
Research HFRI Indices constituents using powerful data visualization technology.
Already have an account? Follow the link below to log into HFRDatabase.com
HFR provides investment professionals with timely, comprehensive, and customized views of their investments
In May, global financial markets ended the volatile month with mixed and little changed results. Although, global equities recovered steep intra-month losses into month end as equities traded in a wide range as a result of continued inflationary pressures and expectations for a slowing economy. Energy and Semiconductors led sector gains while Germany, China & Russia led regional gains. Interest rates were little changed for the month as the yield curve steepened from falling short term rates; the US dollar declined against most currencies. Energy once again led commodity gains with Natural Gas and Oil extending gains; Aluminum & Silver led Metals declines while Lumber & Cotton led Agricultural declines. Hedge Funds and Risk Premia indices posted mixed performance in May with the HFRX Global Hedge Fund Index declining -1.09%.
HFRX Equity Hedge Index declined -0.75% for May from declines in Fundamental Growth strategies offset by gains in Fundamental Value & Market Neutral Strategies. The HFRX Fundamental Value Index gained +0.21% for the month from gains in exposure to large-cap US & European equities. The HFRX Market Neutral Index gained +0.16% from gains in mean reverting, factor-based strategies and fundamental managers. The HFRX Fundamental Growth Index declined -2.75% for the month from declines concentrated in small-cap US, European, and Emerging Markets equities.
HFRX Macro/CTA Index posted a decline of -0.90% for the month from declines in Systematic trend-following managers. The HFRX Macro Systematic/CTA Index declined -0.75% in May as the US dollar declined against most currencies; Agricultural commodities declines were led by Lumber, Cotton, and Cattle. Metals declines were led by Aluminum and Silver, while Energy extended gains for the month.
HFRX Relative Value Arbitrage Index declined -0.97% for May from declines in Convertible Arbitrage strategies and Multi-Strategy managers. The HFRX RV: Multi-Strategy Index declined -0.77% as interest rates were little changed for the month and the yield curve steepened from falling short term rates. The HFRX Convertible Arbitrage Index posted a decline of -3.07% for the month as volatility slightly declined during the period and yields marginally changed.
HFRX Event Driven Index posted a decline of -1.70% for the month from declines in Merger Arbitrage and Special Situations equity strategies. The HFRX Special Situations Index declined -1.66% from declines in exposure to global catalyst-driven, fundamental value equities. The HFRX Merger Arbitrage Index declined -2.40% in May as global equities saw steep intra-month losses across geographies and sectors which narrowed into month end.
Comments reference performance figures as of May 31, 2022