What are the AfricaHedge Indices?
Our indices are the
African Hedge Fund Industry's most accurate benchmark of hedge fund
The AfricaHedge Indices are based on the data compiled and contained within
the AfricaHedge Database which feeds into the AfricaHedge League Tables on a
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
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.
All funds are included in the indices
regardless of track record
All funds are equally weighed
Index is a median value of its peer group
All funds live and liquidated
are included in the historical figures
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.
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
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.