All the HFRX Indices lost ground in the week ended 11 May 2004, with the Merger Arbitrage Index recording the smallest loss of -0.04%.
The Equity Market Neutral Index dropped -0.20% to take second position over the week.
The Equity Hedge Index was the most sluggish performer this week, dropping -1.75%, followed by the Relative Value Arbitrage Index, which recorded a drop of -1.36%% over the week.
HFRX Hedge Fund Indices Performance 4 May-11 May
HFRX Global Hedge Fund Index -1.19%
HFRX Convertible Arbitrage Index -0.39%
HFRX Distressed Securities Index - 0.69%
HFRX Equity Hedge Index -1.75%
HFRX Equity Market Neutral Index -0.20
HFRX Event Driven Index -0.97%
HFRX Macro Index -0.81%
HFRX Merger Arbitrage Index -0.04%
Relative Value Arbitrage Index -1.36%
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.