HFRX Global Hedge Fund Index is a rule‑based, investible benchmark that tracks the daily performance of a diversified basket of hedge‑fund strategies, published by Hedge Fund Research (HFR) and designed for investors who want a liquid gauge of the broad…
Hedge funds are privately pooled investments that employ flexible strategies—long/short equity, global macro, event-driven, credit, and quant—aim first to pursue absolute returns and, secondly, to keep those returns largely uncorrelated with traditional stock-and-bond benchmarks. 1. How Hedge Funds Differ from…