The Event Driven Index recorded a gain of 0.33% to lead the performance of the HFRX Indices in the week ended 14 September.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The Event Driven Index was closely followed by the Equity Hedge Index, which gained 0.30% over the week, followed by the Equity market Neutral Index, which gained 0.26%.
The Merger Arbitrage and Relative Value Arbitrage indices both recorded losses this week.
HFRX Hedge Fund Indices Performance 7 September - 14 September
HFRX Global Hedge Fund Index
HFRX Convertible Arbitrage Index
HFRX Distressed Securities Index
HFRX Equity Hedge Index
HFRX Equity Market Neutral Index
HFRX Event Driven Index
HFRX Macro Index
HFRX Merger Arbitrage Index
HFRX Relative Value Arbitrage Index
Background Note: The HFRX Indices provide investors with accurate reference for true Hedge Fund single Strategy performance on a daily basis. HFRX Hedge Fund Indices are designed to be representative of the overall hedge fund universe and its major component strategies. Construction of the Global Hedge Fund Index and each HFRX Strategy Index employs state-of-the-art quantitative techniques and qualitative analysis. HFRX Indices are calculated and owned by Hedge Fund Research, Inc. using its proprietary methodology.