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All HFRX Indices by Type
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Global
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX Global Hedge Fund Index -0.1709% -0.21% -0.23% 1154.53 -0.02% 0.55% 13.40% -23.25% 4.23%
HFRX Equal Weighted Strategies Index -0.1036% -0.08% 0.06% 1112.97 0.14% 0.94% 11.44% -21.90% 3.97%
HFRX Absolute Return Index -0.1570% 0.10% 0.23% 986.56 0.13% 0.16% -3.58% -13.09% 6.68%
HFRX Market Directional Index -0.3033% -0.30% -0.07% 1151.16 0.23% 1.67% 29.34% -29.70% 5.28%
HFRX Aggregate Index - - - - n/a 0.93% 13.34% -17.13% 10.98%


Equity Hedge
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX Equity Hedge Index -0.0082% -0.40% -1.23% 1121.06 -0.84% -0.16% 13.14% -25.45% 3.21%
HFRX Equity Market Neutral Index 0.1005% 0.52% 0.03% 985.22 -0.49% -0.67% -5.56% -1.16% 3.11%
HFRX Energy/Basic Materials Index - - - - n/a 0.92% 25.19% -29.42% 14.78%
HFRX Fundamental Growth Index -0.4050% -1.20% -3.98% 1513.25 -2.81% 2.66% 17.54% -27.40% 25.19%
HFRX Fundamental Value Index -0.1181% -0.35% -0.10% 1098.08 0.25% 0.50% 10.60% -25.26% 8.30%
HFRX EH: Multi-Strategy Index - - - - n/a 1.19% 21.72% -24.60% 15.19%
HFRX Quantitative Directional Index - - - - n/a 0.34% -4.08% -3.30% 6.11%
HFRX Short Bias Index - - - - n/a -4.08% -20.56% 21.98% 10.15%
HFRX Technology/Healthcare Index - - - - n/a 2.65% 13.32% -8.40% 18.17%


Event Driven
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX Event Driven Index -0.1443% -0.23% 0.42% 1353.61 0.65% 1.03% 16.59% -22.11% 4.88%
HFRX Activist Index - - - - n/a 3.52% 44.19% -30.81% 5.01%
HFRX Credit Arbitrage Index - - - - n/a 0.52% 25.96% -6.55% 2.93%
HFRX Distressed Securities Index -0.0628% -0.11% 1.29% 959.40 1.40% 3.49% -5.60% -30.69% 3.99%
HFRX Merger Arbitrage Index 0.0847% -0.13% 0.17% 1446.02 0.30% 1.18% 8.14% 3.69% 4.85%
HFRX ED: Multi-Strategy Index - - - - n/a 0.27% 27.11% -29.13% 17.68%
HFRX Private Issue/Regulation D Index - - - - n/a 0.66% -2.67% -9.21% 10.41%
HFRX Special Situations Index -0.1468% -0.26% 0.51% 1102.23 0.78% 1.45% 19.57% -26.03% 7.01%


Macro
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX Macro Index -0.4248% -0.29% -2.13% 1220.92 -1.84% -2.62% -8.78% 5.61% 3.19%
HFRX Active Trading Index - - - - n/a -0.55% 0.56% 9.19% 14.88%
HFRX Commodity Index - - - - n/a -0.99% -3.01% 14.73% 13.42%
HFRX Commodity: Agriculture Index - - - - n/a 0.88% 6.71% -3.11% 10.54%
HFRX Commodity: Energy Index - - - - n/a -0.28% 2.64% -13.36% 17.66%
HFRX Commodity: Metals Index - - - - n/a 1.55% 38.15% -2.94% 19.50%
HFRX Currency Index - - - - n/a 0.00% 0.01% 0.48% -3.01%
HFRX Discretionary Thematic Index - - - - n/a 0.09% 5.06% -5.29% 17.02%
HFRX Macro: Multi-Strategy Index - - - - n/a -0.95% 16.17% -2.92% 11.05%
HFRX Systematic Diversified Index 0.0335% -0.23% -2.06% 1544.03 -1.84% -3.74% -9.04% 31.55% 12.86%


Relative Value
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX Relative Value Arbitrage Index -0.2697% -0.02% 1.61% 1109.40 1.63% 2.82% 38.47% -37.60% 5.80%
HFRX Convertible Arbitrage Index -0.1043% 0.01% 0.31% 623.30 0.31% 2.36% 42.46% -58.37% -0.95%
HFRX Energy Infrastructure Index - - - - n/a 3.61% 37.63% -30.47% 17.67%
HFRX Fixed Income-Asset Backed Index - - - - n/a 0.96% 25.31% -1.95% 8.62%
HFRX Fixed Income-Corporate Index - - - - n/a 2.69% 20.44% -22.08% 1.02%
HFRX Fixed Income-Sovereign Index - - - - n/a 1.78% 12.28% -17.10% 9.56%
HFRX Real Estate Index - - - - n/a 2.12% 17.95% -15.41% -4.79%
HFRX RVA: Multi-Strategy Index -0.2959% 0.01% 1.35% 1629.63 1.34% 3.46% 42.05% -15.60% 8.97%
HFRX Volatility Index - - - - n/a 1.56% -3.19% 1.98% 1.22%
HFRX Yield Alternative Index - - - - n/a 2.87% 26.72% -26.49% 12.95%


Americas
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR Dec 09 ROR 2009 2008 2007
HFRX North America Index 0.4664% 0.37% 0.37% 1271.29 0.00% -0.29% 5.36% -7.42% 6.96%
HFRX Latin America Index - - - - n/a 2.23% 41.63% -22.54% 11.22%


Asia
  Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Dec 09 ROR 2009 2008 2007
HFRX Asia Composite Hedge Fund Index - - - - 1.06% 16.80% -18.49% 17.27%
HFRX Asia Equally Weighted Index - - - - 1.04% 14.85% -17.40% 18.22%
HFRX Asia ex-Japan Index - - - - 1.04% 29.16% -28.84% 39.53%
HFRX Asia with Japan Index - - - - 1.72% 17.55% -10.31% 19.48%
HFRX Japan Index - - - - 0.31% -0.64% -12.18% -2.15%


Europe
  Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Dec 09 ROR 2009 2008 2007
HFRX Northern Europe Index - - - - 0.94% 14.95% -7.41% 6.89%
HFRX Western/Pan Europe Index - - - - -1.47% 6.80% -15.65% 7.13%
HFRX Russia/Eastern Europe Index - - - - 1.20% 17.86% -35.91% 16.39%


Emerging Markets
  Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Dec 09 ROR 2009 2008 2007
HFRX Asia ex-Japan Index - - - - 1.04% 29.16% -28.84% 39.53%
HFRX Brazil Index - - - - 3.13% 42.64% -29.43% 11.32%
HFRX BRIC Index - - - - 2.51% 53.43% -39.74% 34.62%
HFRX China Index - - - - 1.66% 50.37% -25.16% 44.94%
HFRX India Index - - - - 1.88% 50.87% -50.15% 62.24%
HFRX Latin America Index - - - - 2.23% 41.63% -22.54% 11.22%
HFRX MENA Index - - - - 2.21% 28.31% -24.91% 24.53%
HFRX Multi-Emerging Markets Index - - - - 1.44% 29.07% -36.54% 22.79%
HFRX Russia Index - - - - 3.28% 64.62% -47.10% 21.07%
HFRX Russia/Eastern Europe Index - - - - 1.20% 17.86% -35.91% 16.39%
HFRX Total Emerging Market Index - - - - 1.30% 24.01% -25.09% 19.30%


Other Regions
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR 2009 2008 2007
HFRX Multi-Region Index -0.3398% -0.14% -0.38% 1218.63 -0.24% -1.00% -5.95% 7.24%


FX Hedged Indices 
Daily Performance as of: 02/05/2010    Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Jan 10 ROR 2009 2008 2007
HFRX Equal Weighted Strategies CHF Index -0.1040% -0.08% 0.04% 1246.71 0.13% 10.86% -23.00% 1.02%
HFRX Equal Weighted Strategies EUR Index -0.0999% -0.07% 0.08% 1050.77 0.15% 11.67% -22.21% 2.19%
HFRX Equal Weighted Strategies GBP Index -0.1051% -0.08% 0.08% 2047.61 0.16% 11.46% -21.58% 4.36%
HFRX Equal Weighted Strategies JPY Index -0.1001% -0.08% 0.04% 99099.41 0.11% 10.87% -22.94% -0.70%
HFRX Global Hedge Fund CHF Index -0.1728% -0.22% -0.26% 1289.41 -0.04% 12.66% -24.18% 1.17%
HFRX Global Hedge Fund EUR Index -0.1685% -0.22% -0.28% 1082.21 -0.06% 13.15% -23.77% 2.66%
HFRX Global Hedge Fund GBP Index -0.1749% -0.21% -0.22% 2124.18 0.00% 13.37% -22.82% 4.48%
HFRX Global Hedge Fund JPY Index -0.1671% -0.21% -0.25% 103389.09 -0.04% 12.67% -24.00% -0.43%


Concept Indices
  Monthly Performance Historical Performance
  DTD MTD YTD INDEX
VALUE
Dec 09 ROR 2009 2008 2007
HFRX Alternative Energy Index - - - - 5.75% 46.83% -43.76% 17.66%
HFRX Diversity Index - - - - 1.16% 17.32% -5.41% 14.29%



 2010 HFRX Monthly Indices Update Schedule

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