HFRX Hedge Fund Indices, HFRX Global Hedge Fund Index
HFRX Hedge Fund Indices are the global industry standard for performance measurement across all aspects of the hedge fund industry. Hedge Fund Research, Inc. utilizes a UCITS-compliant methodology to construct the HFRX Hedge Fund Indices. The methodology is based on defined and predetermined rules and objective criteria to select and rebalance components to maximize representation of the Hedge Fund Universe.
There are over 75 HFRX Indices including those that report daily performance such as: HFRX Global Hedge Fund Index, HFRX Equity Hedge Index, HFRX Macro/CTA Index, HFRX Event Driven Index and the HFRX Relative Value Index. HFR also publishes several regional and thematic indices including the HFRX Emerging Markets Index, HFRX China Index, HFRX MLP Index and the HFRX Diversity Index.
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Access and Use
HFR grants You a limited non-exclusive, non-transferable, revocable license, without the right to grant sublicenses, to access the HFR Site and use the information, data, compilations of data, tables, graphs, charts, illustrations, and other materials on the HFR Site ("Content") only for noncommercial informational internal research purposes and in compliance with the terms and conditions of this Agreement.
You agree not to reproduce, copy, modify, create derivative works from, perform, distribute, publish, retransmit or sell any of the Content. Notwithstanding this restriction, You may, on an occasional, ad hoc basis, reproduce, distribute, display and transmit an insubstantial portion of the Content, solely for non-commercial internal informational purposes to a limited number of individuals within Your organization, provided You include the following notice: "Source: Hedge Fund Research, Inc. www.hedgefundresearch.com, © 2014 Hedge Fund Research, Inc. All rights reserved."
You agree not to (1) share Your User ID or provide access to the restricted areas of the HFR Site to third parties, (2) use or attempt to use any "deep-link," "scraper," "robot," "bot," "spider," "data-mining," "computer code" or any other automated device, program, tool, algorithm, process, or methodology or manual process having similar processes or functionality, to access, acquire, copy, or monitor any of the Content found on or accessed through the HFR Site and (3) violate or attempt to violate the security of the HFR Site or gain or attempt to gain unauthorized access to the HFR Site and its Contents.
HFR reserves the right to discontinue your access to the HFR Site, with or without notice, if HFR has a reasonable basis to believe that You are accessing or using the HFR Site or Contents in violation of this Agreement or any written agreement you may have with HFR regarding Your access to or use of any HFR data, product or service ("Other Content").
Restrictions on Use
Without a separate written license agreement with HFR, You may not:
- Use any of the HFR Indices, HFR Marks (defined below) or Content in connection with the creation, operation, issuance, marketing or promotion of any financial product, instrument, index or service;
- Use the Content in the operation of Your or a third party financial database or index business;
- Use the Content to populate any database that is commercial and/or distributed to third parties;
- Redistribute the Content outside of Your company or firm;
- Use any of the HFR Indices, HFR Marks, or Content in connection with any SEC, government or regulatory filing; and
- Use the HFR Indices or HFR Marks to promote, market or endorse, or to create the impression that HFR endorses, approves of or is connected to any investment vehicle, product or service marketed, promoted, distributed, offered or sold by or on behalf of You.
If You wish to access subscription-only Content or obtain further information about obtaining a license for any of these or other uses, please contact: Todd Hartman, Director, at email@example.com or 312-658-0955
HFR’s Proprietary Rights
HFR, HFRI, HFRX, HFRU, HFRQ, HEDGE FUND RESEARCH, WWW.HEDGEFUNDRESEARCH.COM, THE INSTITUTIONAL STANDARD and the names of the HFR Indices are the trademarks and service marks of HFR ("HFR Marks"). All trade names, trademarks, service marks, index names and other product and service names and logos on the HFR Site and within the Content are proprietary to their respective owners and are protected by applicable trademark and copyright laws. Any of the trademarks, service marks, logos or index names displayed on the HFR Site may be registered or unregistered marks of HFR or others. Nothing contained on the HFR Site should be construed as granting You any license or right to use any of the marks or names displayed on the HFR Site without the express written permission of HFR or the third party owner, as applicable.
The HFR Site and Content therein are protected by U.S. and foreign copyright and other intellectual property laws. You understand, acknowledge and agree that HFR has invested considerable time, effort and resources in selecting, compiling, coordinating, arranging, and preparing the HFR Indices and that the process and methodology of creating and maintaining the HFR Indices are valuable confidential proprietary trade secrets of HFR under the applicable federal and state trade secret laws.
To the extent that You have a link in Your site to the HFR Site, it must be clear to the user that You are directing the user to www.hedgefundresearch.com. You may not link in a manner that suggests or implies any type of sponsorship or endorsement by or affiliation with HFR.
You agree to indemnify and hold HFR and its affiliates harmless against all liabilities, losses, damages, expenses, and costs (including reasonable attorneys' and other professionals' fees) that they incur as a result of claims related to Your use of the HFR Indices, HFR Marks and Content or a breach or violation of this Agreement. HFR reserves the right, at its own expense, to assume the exclusive defense and control of any matter for which it is entitled to indemnification, but You must still indemnify HFR for all liabilities, losses, or damages. You also agree to provide HFR with whatever cooperation it reasonably requests.
THE HFR INDICES ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION AND DATA INCLUDED IN THE HFR INDICES ARE OBTAINED FROM VARIOUS THIRD PARTY SOURCES AND ARE PROVIDED ON AN "AS IS" BASIS. HFR DOES NOT PERFORM ANY AUDIT OR VERIFY THE INFORMATION PROVIDED BY THIRD PARTIES. HFR IS NOT RESPONSIBLE FOR AND DOES NOT WARRANT THE CORRECTNESS, ACCURACY, OR RELIABILITY THE DATA IN THE HFR INDICES. ANY CONSTITUENT INVESTMENT PRODUCT OR VEHICLE USED TO CREATE AN HFR INDEX MAY BE REMOVED AT ANY TIME. THE COMPLETENESS OF THE DATA MAY VARY IN EACH FINANCIAL PRODUCT OR VEHICLE USED TO CREATE THE HFR INDICES. HFR DOES NOT WARRANT THAT THE DATA USED TO CREATE THE HFR INDICES WILL BE FREE FROM ANY ERRORS, OMISSIONS OR INACCURACIES. HFR DOES NOT WARRANT THAT THE DELIVERY OF THE DATA RELATING TO THE HFR INDICES WILL BE UNINTERRUPTED OR FREE FROM ANY VIRUSES OR OTHER HARMFUL COMPONENTS OR DEFECTS. THE INFORMATION IN THE HFR INDICES DOES NOT CONSTITUTE AN OFFER OR A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR FINANCIAL PRODUCT OR VEHICLE WHATSOEVER OR ANY TYPE OF TAX OR INVESTMENT ADVICE OR RECOMMENDATION. PAST PERFORMANCE OF ANY CONSTITUENT INVESTMENT PRODUCT OR VEHICLE USED TO CREATE AN HFR INDEX IS NO INDICATION OF FUTURE RESULTS.
TO THE MAXIMUM EXTENT PERMISSIBLE BY APPLICABLE LAW, HFR EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. YOU ASSUME ALL RISK OF DAMAGE OR LOSS RESULTING FROM THE USE OF THE HFR INDICES.
Limitation of Liability
TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, HFR SHALL NOT BE LIABLE FOR ANY (i) SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, INCLUDING LOSS OF PROFITS, ARISING FROM OR RELATED TO A BREACH OF THIS AGREEMENT OR THE USE OF THE HFR INDICES, INCLUDING WITHOUT LIMITATION, DAMAGES ARISING FROM LOSS OF DATA OR PROGRAMMING, LOSS OF REVENUE OR PROFITS, FAILURE TO REALIZE SAVINGS AND OTHER BENEFITS, DAMAGE TO EQUIPMENT, AND CLAIMS AGAINST YOU BY ANY THIRD PARTY, EVEN IF HFR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; OR (ii) DAMAGES (REGARDLESS OF THEIR NATURE) FOR ANY DELAY OR FAILURE BY HFR TO PERFORM ITS OBLIGATIONS UNDER THIS AGREEMENT DUE TO ANY CAUSE BEYOND HFR'S REASONABLE CONTROL.
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All disputes between HFR and You under this Agreement shall be resolved by binding arbitration to take place in Chicago, Illinois. You agree that no disputes arising under this Agreement shall be conducted in a class, consolidated or representative action. You also agree that HFR may bring suit in court to enjoin an infringement, misappropriation or other misuse of its intellectual property rights. You acknowledge that HFR will suffer irreparable harm as a result of the unauthorized use or distribution of the Content or misuse of the HFR Marks and agree that HFR shall be entitled to preliminary and permanent injunctive relief without the necessity of posting a bond or proof of actual damages.
Unless You have entered into a separate license agreement with HFR regarding Your access to and use of the HFR Site, Content or Other Content, this Agreement constitutes the entire agreement and understanding between You and HFR with respect to your access to and use of the HFR Site and the Content and supersedes any and other agreements, whether oral or written, with respect to the HFR Site and the Content. No waiver by HFR of any breach or default under this Agreement shall be deemed to be a waiver of any preceding or subsequent breach or default of this Agreement. If any part of this Agreement is deemed to be invalid or unenforceable, it will not impact any other provision of this Agreement, all of which will remain in full force and effect, or which shall be modified so as to carry out the meaning and intent of this Agreement. This Agreement shall be governed and construed under the laws of the United States and the State of Illinois. The United Nations Convention on Contracts for the International of Sale of Goods shall not govern or be used to construe this Agreement.
Version#: INDXTOU04012014, Dated April 1, 2014
Your IP Address: 22.214.171.124 | Date and Time: 2014-10-01 15:00:28
HFR Index Direct Licensing Program
The HFR Index Direct feed and licensing program addresses many of the data provisioning requirements that firms require for utilizing and redistributing HFR Index data. In addition, licensees also receive a dedicated feed of HFR Index data. The format of the feed is ideally suited to automating the process of updating and aggregating this information.
In addition, HFR Index Direct licensees also have the option of accessing HFR Indices Constituent Lists which detail the specific hedge funds comprise each HFRI and HFRX Index. This information was previously available only to firms that licensed the full HFR Database.
HFR also offers licenses for benchmarking, product replication and custom index development.
(Please contact Todd Hartman at firstname.lastname@example.org or 312-658-0955 for more information on licensing HFR Index Data)
Learn more about the HFR Index Direct Licensing Program