HFR launches new investable hedge fund indexes
HFR has launched the HFRI 400 (US) Indices, a family of investable indexes tracking private hedge funds and open to US taxable investors, making the HFRI 400 a suitable benchmark for US-based, taxable, high net worth and ultra-high net worth investors.
The HFRI 400 (US) Fund Weighted Composite Index posted a narrow decline of -0.3 per cent (estimated) in February, following a gain of +2.3 per cent in January and paring the YTD return to +2.0 per cent.
The launch follows the launch of the HFRI 500 investable hedge fund index family; the HFRI 400 (US) Indices utilise a similar investable methodology and construction as the HFRI 500 Indices, suitable for operation of HFR-licensed, tracking fund products. HFR is actively engaged in strategic conversations with a number of financial institutions regarding interest in licensing the HFRI 400 (US) Indices for tracker fund operation.