What are the AfricaHedge Indices?
Our indices are the African Hedge Fund Industry's most accurate benchmark of hedge fund performance.

The AfricaHedge Indices are based on the data compiled and contained within the AfricaHedge Database which feeds into the AfricaHedge League Tables on a monthly basis.

All performance figures are inputted and checked individually to maintain an excellent level of accuracy.

Once a fund has a track record of three months it will appear in the league tables, but if submitted before the press date will be included before this period in the construction of its peer group index.

 
How Funds Qualify
Hedge Funds and Managed Futures regularly submit their details to be listed in the AfricaHedge Database. A fund can only be added providing it is:

 At least 50% managed in Africa

Or

 Is solely invested in Africa

At this stage, there is no minimum size for a hedge fund to qualify.

How Funds are Classified
Once a fund fits the submission criteria it must then be classified into one of the existing categories. This is done by the Editor of AfricaHedge in agreement with the fund managers.

As the market develops so too will the AfricaHedge classifications over time. Categories may be added or modified to reflect the changes in the market. Notices will be posted on our website to make you aware of such changes.

Methodolgy of Indices Calculations
These indices are calculated using the performance data from the AfricaHedge Database as it stands at the time AfricaHedge goes to press.

There are 3 indices - Long Short Equity, Funds of Funds, and Single Manager Composite. Due to the low number of funds in the region in the Multi-Strategy, Market Neutral, Managed Futures, and Fixed categories, the overall Single Manager Composite index is utlised for these funds.

In short:
 All funds are included in the indices regardless of track record
 
 All funds are equally weighed
 
 Each Index is a median value of its peer group
 
 All funds live and liquidated are included in the historical figures

Release Date
Index figures are typically released on or around the 15th of each month and sent automatically to all data contacts contained within the database. They are published in AfricaHedge and available on our website.

Revisions
Every December the track record of all the indices will be reviewed to see if market changes and addition of new funds warrant any updates in their history. All indices are marginally adjusted to reflect the changes in the markets, reflecting more complete data capture and the continuing growth in the number of funds listed. The lastest revision was completed in January 2010.

Information & contact details
If you require any further information on AfricaHedge data, research or indices, please contact Damian Alexander by email or on +44 (0) 20 7779 7361.