What are The EuroHedge Indices?
Our indices are the European Hedge Fund Industry's most accurate benchmark of hedge fund performance.
The indices are based on the data compiled and contained within the EuroHedge Database which feeds into the EuroHedge 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, it 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 EuroHedge Database. A fund can only be added providing it is:
At least 80% managed in developed European countries
Is solely invested in developed European countries
Funds investing primarily in countries that were formerly part of the Eastern Block, including recent entries to the EU, are currently still classified under the Emerging Markets category.
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 EuroHedge in agreement with the fund managers.
As the market develops so too will the EuroHedge classifications over time. Categories may be added or modified to reflect the changes in the market, such as the recent addition of a new Credit category. Notices will be posted on here to make you aware of such changes.
Methodology of Indices Calculation
Key strategies are given their own index so hedge fund managers can see the performance of their peer group as a whole. These figures are calculated using the performance data from the EuroHedge Database as it stands at the time EuroHedge goes to press.
- All funds are included in the indices regardless of track record
- All funds are equally weighted
- Each index is a median value of its peer group
- All funds live and liquidated are included in the historical figures
Estimated index figures are released on the 5th working day with finals realeased on or around the 19th of the month. They are published in EuroHedge and are available on our website.
Every year 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. The first full revision since the creation of EuroHedge was done in April 2006 and all indices were marginally adjusted, with some new categories created illustrating the changes in the markets over the last 6 years, reflecting more complete data capture and the continuing growth in the number of funds listed. The lastest revision was completed in January 2012.
Information & Contact Details
If you require any further information on EuroHedge data, research or indices, please contact us here.