HFR Offers New Fund of Funds Indexes

CHICAGO (HedgeWorld.com)–Hedge Fund Research Inc. unveiled four hedge funds of funds indexes, extending the firms HFRI Fund of Funds Index and database.

The four sub-indexes are: HFRI FOF Diversified Index, HFRI FOF Conservative Index, HFRI FOF Market Defensive Index and the HFRI FOF Strategic Index.

The HFRI FOF Diversified Index, unsurprisingly, contains funds using a diversified approach. The HFRI FOF Conservative Index contains funds focused on strategies such as equity market neutral, fixed-income arbitrage and convertible arbitrage. The HFRI FOF Market Defensive Index, which contains funds with low correlation to general market benchmarks, includes short-biased funds and futures funds. The HFRI FOF Strategic Index, which includes funds targeting hedge funds that take a little more risk, contains funds of funds using opportunistic strategies such as emerging markets, sector specific, and long/short equity.