HFR Homepage
Login Register for full access to website About HFR Contact HFR Careers at HFR Website User Preferences Pricing Institutional Subscriptions Special Promotions HFR Inc. Twitter Feed HFR blog

HFR Databases HFR Industry Reports HFRX Indices HFRI Indices HFRU Indices HFR Index Licensing Custom Research Media Center Report to HFR Database Login HFR ManagerLink


What's New


 


HFR Media Center - The Latest Hedge Fund Industry News from HFR

HFR - Press Releases


Follow HFR on Twitter:


Press Releases and Media Appearances      Please click here for a list of HFR media contacts
April 7, 2014

HEDGE FUNDS CONCLUDE VOLATILE 1Q14 WITH MIXED PERFORMANCE IN MARCH

Macro losses offset Relative Value gains to end quarter;
RVA, Event Driven top equity markets, lead all hedge fund strategies through 1Q14


CHICAGO, (April 7, 2014) - Hedge funds posted mixed performance in March as investor uncertainty over secular unrest in Ukraine and Syria, as well as mixed macroeconomic outlooks for China, Europe and the U.S., contributed to increased volatility across equity, currency, commodity and fixed income markets. Hedge funds posted a narrow decline for the month, with the HFRI Fund Weighted Composite (FWC) Index falling -0.3 percent, as losses in Macro and CTA strategies offset gains in Relative Value Arbitrage strategies, according to data released today by HFR®, the established global leader in indexation, analysis and research for the global hedge fund industry. For the first quarter, the HFRI FWC gained +1.1 percent, with a strong February gain offsetting declines in both January and March.





View Full Press Release: English | Chinese

View latest HFRI Indices Performance



March 18, 2014

HFR, Inc. releases HFR Market Microstructure HF Industry Report for Year End 2013

NEW HEDGE FUND LAUNCHES FALL AS TOP HFRI PERFORMERS SURGE

Launches lowest since 2010, highest liquidations since 2009;
Top performers lead decile dispersion to highest level in four years


CHICAGO, (March 18, 2014) - New hedge fund launches declined to their lowest level in three years in 2013 even as total hedge fund industry capital ended the year at a record $2.62 trillion. New hedge fund launches totaled 1,060 for 2013, the lowest level since 935 funds launched in 2010, according the latest HFR Market Microstructure Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. While the 2013 full year launch total fell below the totals of 1,108 and 1,113 in each of the prior two years, respectively, launches in 4Q13 rose to 244, topping the 231 from the prior quarter though trailing the 284 launches from 4Q12. Launches for 2013 were led by Equity Hedge strategies, with 428 new funds, followed by Macro strategies with 256 new funds.

Press Releases: English | Chinese

Details: HFR Market Microstructure Hedge Fund Industry Report - Year End 2013



March 7, 2014

EQUITY, COMMODITY HEDGE FUNDS LEAD STRONG FEBRUARY PERFORMANCE GAINS

Energy, Technology, Distressed and Growth among top performers; All strategies positive as HFRI posts best gain since January 2013

CHICAGO, (March 7, 2014) - Hedge funds posted strong gains in February as equity, commodity and fixed income markets recovered from the prior month's volatility, despite continued turbulence in Emerging Markets. The HFRI Fund Weighted Composite Index advanced +2.1 percent for the month, the best monthly gain in over a year, benefitting from significant and broad-based contributions across a diverse range of strategies, according to data released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund of Funds Index gained +1.8 percent for the month, also the strongest gain since January 2013.



View Full Press Release: English

View latest HFRI Indices Performance





February 28, 2014



HedgeWeek recognizes HFR as Best Index Provider 2014

Read more about the HedgeWeek Global Awards


HFR's Lorenzo Menichino accepts the award



February 28, 2014

HFR, Inc. releases HFR Emerging Markets HF Industry Report for Year End 2013

EMERGING MARKETS HEDGE FUNDS FALL AS REGIONAL VOLATILITY SOARS

Equity, Currency weakness in Ukraine, Argentina contributes to early '14 losses;
Hedge fund capital invested in Emerging Markets hits record to begin 2014


CHICAGO, (February 28, 2014) - Hedge funds investing in Latin America and Eastern Europe experienced sharp losses to begin 2014 even as the funds saw strong capital inflows from investors to start the year, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR®, the established global leader in indexation, analysis and research for the global hedge fund industry. Total hedge fund capital invested in Emerging Markets increased by over $9 billion in 4Q 2013 to over $170 billion (Chinese RMB: 1.03 T, Brazilian Real 396 billion, Russian Rubble 6.04 T, Saudi Riyal: 637 billion, Indian Rupee: 10.55 T) with inflows for the quarter of $2.1 billion. For the full year 2013, total hedge fund capital invested in EM increased by nearly $20 billion, on inflows of over $6.4 billion.

Press Release: English | Arabic | Chinese | Portuguese | Russian

Details: HFR Emerging Markets HF Industry Report - Year End 2013


February 12, 2014

HFR, Inc. releases HFR Asian Hedge Fund Industry Report for Year End 2013

ASIAN HEDGE FUND INDUSTRY SURGES TO RECORD IN 2014

HFRX Japan, China Indices drive performance gains and asset growth in 2013;
Total Asian hedge fund capital surpasses pre-Crisis, 2007 peak


CHICAGO, (February 12, 2014) - Investor capital continued to pour into the Asian hedge fund industry in late 2013 and early 2014, with record inflows and performance driving total investor capital to surpass the record level set in 2007, prior to the 2008 Financial Crisis. Total capital invested in the Asian hedge fund industry grew to $112.3 billion USD (Japanese ¥: 11.48 trillion; Chinese Renminbi: 680.9 billion), according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.

Asset growth for both 4Q and January 2014 was driven by investor allocations, as well as performance gains. Investors allocated $4.2 billion (Japanese ¥: 430 billion; Chinese Renminbi: 25.46 billion) of new capital to the region's hedge funds in 4Q, the highest quarterly inflows since HFR began tracking in 1Q08, bringing full year 2013 inflows to $10.5 billion (Japanese ¥: 1.07 trillion; Chinese Renminbi: 63.7 billion), also a calendar year record.

Press Release: English | Chinese | Japanese

Details: HFR Asian Hedge Fund Industry Report: Year End 2013


February 8, 2014

MACRO, EMERGING MARKETS HEDGE FUNDS LEAD MIXED JANUARY DECLINES

Gains in Relative Value Arbitrage, EH: Technology/Healthcare offset by EM & CTA losses;
HFRI Macro: Active Trading, Discretionary Thematic Indices mixed in volatile month


CHICAGO, (February 7, 2014) - Hedge funds posted declines to begin 2014 in a volatile month for both developed and emerging market equities and currencies. The HFRI Fund Weighted Composite Index posted a decline of -0.6 percent for January, with concentrated weakness in Emerging Market and CTA/Systematic Macro strategies leading the decline, according to data released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.



View Full Press Release: English | Chinese

View latest HFRI Indices Performance



January 21, 2014

HFR, Inc. releases HFR Global Hedge Fund Industry Report for Year End 2014

HEDGE FUND ASSETS SURGE TO NEW RECORD TO BEGIN 2014

Inflows into Event Driven, Equity strategies led by Special Situations, Fundamental Growth;
Inflows to mid-sized firms top largest firms in 4Q as investor risk tolerance returns


CHICAGO, (January 21, 2014) - Capital invested in the global hedge fund industry surged to a record in the fourth quarter, finishing a strong year of capital growth as hedge funds posted the best performance in three years. Total capital increased in 4Q by $120 billion on $10.5 billion of net inflows to $2.63 trillion, the sixth consecutive quarterly record, led by a surge in investor interest in Event Driven strategies, including Special Situations and Distressed/Restructuring funds, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR®. For the full year, total hedge fund capital increased by $376 billion on $63.7 billion of net inflows, as the HFRI® Fund Weighted Composite Index posted a gain of +9.2 percent, the best calendar year performance since 2010.

Press Release: English | Chinese | Japanese

Details: HFR Global Hedge Fund Industry Report: Year End 2013 | Purchase Report


January 8, 2014

EQUITY, EVENT DRIVEN HEDGE FUNDS LEAD INDUSTRY TO BEST GAIN SINCE 2010

Technology/Healthcare, Yield Alternatives and Distressed Strategies lead 2013 performance as HFRI posts 16th advance in 19 months;

Macro, CTA strategies post narrow decline for 2013 despite ending year with 3rd consecutive monthly gain

CHICAGO, (January 8, 2014) - Hedge funds posted a fourth consecutive month of gains in December led by Equity Hedge and Event Driven strategies, as broad-based performance gains across all strategies contributed to the strongest annual performance since 2010. The HFRI Fund Weighted Composite Index gained +1.2 percent in December, bringing full year 2013 performance to +9.3 percent , as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund of Hedge Funds Index advanced +1.2 percent for December and +8.7 percent for 2013, the best annual performance since 2009.

Performance gains for December and for 2013 were led by resurgent Equity Hedge strategies, with the HFRI Equity Hedge Index gaining +1.6 percent for the month and +14.6 percent for the year, also the best annual performance since 2009. Mirroring trends in the broader equity market and benefitting from the strong IPO environment, the strongest area of EH sub-strategy performance was from funds focused on Technology and Healthcare, with the HFRI EH: Technology/Healthcare Index gaining +2.6 percent in December and +22.3 percent for 2013, completing a 5th consecutive year of gains and nearly topping the +25.8 percent gain for 2009. Energy/Basic Materials funds also posted strong gains for December, up +2.1 percent, while Fundamental Value strategies climbed +1.9 percent for December and +20.1 percent for 2013.

View Full Press Release: English (Revised 01/08/2014 2:30pm CT) | Chinese

View latest HFRI Indices Performance



December 13, 2013

HFR, Inc. releases HFR Market Microstructure HF Industry Report for Q3 2013

HEDGE FUND LAUNCHES FALL AS UNCERTAINTY OVER VOLCKER RULE RISES

Liquidations rise as proprietary trading, hedge fund ownership restrictions approved;
Fund performance dispersion mixed as fees decline


CHICAGO, (December 13, 2013) - New hedge fund launches declined to the lowest level in nearly three years in the third quarter, while the number of hedge fund liquidations rose to the highest level since the fourth quarter of 2012, according the latest HFR Market Microstructure Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The trends in launches and liquidations occurred in Q3 as U.S. regulators proceeded toward approval of the Volcker Rule (which was recently approved this week), while launch trends have not been significantly impacted by the recent relaxation of hedge fund marketing restrictions associated with the JOBS Act.

New fund launches totaled 231 for the third quarter, declining from 288 in the prior quarter and 275 in the third quarter of 2012, representing the lowest quarterly launch total since the fourth quarter of 2010 when 220 funds were launched. A total of 816 new hedge funds launched in the first three quarters of 2013, narrowly trailing the 824 funds launched in the same period in 2012. In the trailing 12 months, 1,100 funds have launched, narrowly trailing the launch totals from calendar years 2011 and 2012. The record number of new fund launches occurred in 2005, when 2,073 funds launched.

Press Releases: English | Chinese

Details: HFR Market Microstructure Hedge Fund Industry Report - Q3 2013



December 6, 2013

EQUITY HEDGE LEADS HEDGE FUND GAINS INTO YEAR END

HFRI Fund Weighted Composite posts 11th gain in 13 months; Macro bids to turn positive for 2013, snap two year decline

CHICAGO, (December 6, 2013) - Hedge funds extended 2013 gains in November, with positive contributions across all strategy areas led by Equity Hedge, as the HFRI Fund Weighted Composite Index posted its 11th gain in the past 13 months, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained +1.0 percent for November, the third consecutive monthly gain, bringing year-to-date (YTD) performance to +8.3 percent.

Equity Hedge (EH) funds led industry gains for November with the HFRI Equity Hedge Index climbing +1.2 percent, extending the YTD gain to +12.9 percent, putting EH on course for the best calendar year since climbing +24.6 percent in 2009. EH gains were led by funds concentrated in Technology, Healthcare and Fundamental Value strategies, with the HFRI EH: Technology/Healthcare Index gaining +2.3 percent for November and +19.7 percent YTD, while the HFRI Fundamental Value Index gained +1.5 percent for November and +18.0 percent YTD. EH gains were partially offset by dedicated Short Bias funds, which declined -1.3 percent in the month and have declined -15.9 percent YTD.

View Full Press Release: English | Chinese

View latest HFRI Indices Performance



November 7, 2013

EQUITY HEDGE LEADS HEDGE FUND GAINS INTO YEAR END

HFRI Fund Weighted Composite posts 11th gain in 13 months;
Macro bids to turn positive for 2013, snap two year decline


CHICAGO, (December 6, 2013) - Hedge funds extended 2013 gains in November, with positive contributions across all strategy areas led by Equity Hedge, as the HFRI Fund Weighted Composite Index posted its 11th gain in the past 13 months, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained +1.0 percent for November, the third consecutive monthly gain, bringing year-to-date (YTD) performance to +8.3 percent.

View Full Press Release: English

View latest HFRI Indices Performance




HFR voted #1 Hedge Fund Index Provider in annual Hedge Funds Review Service Provider Rankings for 3rd consecutive year





November 15, 2013

HFR, Inc. releases HFR Emerging Markets HF Industry Report for Q3 2013

HEDGE FUNDS IN EMERGING ASIA, MID-EAST, RUSSIA LEAD 3Q GAINS

EM hedge funds extend YTD gains as local equity, currency markets rebound;
Hedge fund capital in EM notches fifth consecutive record


CHICAGO, (November 15, 2013) - Emerging Markets hedge funds extended year-to-date (YTD) performance gains in the third quarter as local equity and currency markets posted a strong recovery on a continuation of the US Federal Reserve stimulus measures, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR, the established global leader in indexation, analysis and research for the global hedge fund industry.

The HFRI Emerging Markets (EM) Total Index gained +3.0 percent in 3Q13 and +2.5 percent in October, bringing YTD performance for the EM Index to +4.7 percent, outdistancing most individual EM local equity markets. Total hedge fund capital invested in Emerging Markets increased to $161.0 billion (Chinese RMB 980 B, Russian Ruble 5.29 trillion, Brazil Real 377 B, Indian Ruppe 10.3 trillion, Saudi Riyal 604 billion), the fifth consecutive quarterly record asset level for EM hedge fund capital.

Press Release: English | Arabic | Chinese | Japanese | Portuguese | Russian





November 7, 2013

HEDGE FUNDS GAIN TO BEGIN FOURTH QUARTER AS U.S. OUTLOOK IMPROVES

Macro & CTA strategies register best gains since January; Equity, Event funds lead industry with best YTD performance since 2009

CHICAGO, (November 7, 2013) - Hedge funds posted broad-based gains to begin the fourth quarter, as the U.S. government shutdown concluded while investors and fund managers positioned for an anticipated reduction of the Federal Reserve's stimulus measures in early 2014. The HFRI Fund Weighted Composite Index (FWC) gained +1.5 percent for October, the 10th gain in the last 12 months, with positive contributions across all strategies led by Equity Hedge and Event Driven, as was reported today by HFR, the established leader in indexation, analysis and research of the global hedge fund industry. The FWC Index has gained +7.2 percent through October, the best YTD performance since 2009 when it gained +20.0 percent.

View Full Press Release: English | Chinese

View latest HFRI Indices Performance



November 6, 2013

HFR & RISK-AI LAUNCH HFR2GO MOBILE APP

Investors and hedge funds are now able to analyze hedge fund performance & risk via iPad and iPhone

CHICAGO, (November 6, 2013) - Hedge Fund Research, Inc. (HFR) and Risk-AI, LLC (Risk-AI) have teamed together to launch a breakthrough mobile application, HFR2GO, for iPad and iPhone, it was announced today.

HFR2GO is an easy-to-use solution that allows users to track global hedge fund industry performance by strategy, region of investment, and beyond. This new app delivers investors and hedge funds on-the-go access to an expansive set of hedge fund industry research, never before available in a mobile application.

HFR2GO was developed from the combination of HFR's industry-leading hedge fund database and Risk-AI's advanced technology. Investors, hedge funds, and service providers can access the full suite of HFR Indices via their mobile devices to gain insight into the performance of the hedge fund industry. With over 110 indices available, there is a wealth of statistics on all key sectors. In total, more than two decades of index performance histories are delivered along with three new updates per month.

View Full Press Release: English | Chinese

Learn more at www.HFR2GO.com



October 31, 2013

2014 Glocap Hedge Fund Compensation Report Published

HEDGE FUND COMPENSATION RISES AS HIRING TRENDS SHIFT ON RECORD INDUSTRY ASSETS

Compensation gains for Portfolio Managers, Risk Managers reflect increased investor visibility;
Bonus structure, role evolution contributes to greater alignment of interest


CHICAGO, (October 31, 2013) - Hedge fund industry compensation rose for the 3rd consecutive year, as trends of increased investor visibility, organizational transparency, increased reporting requirements and role evolution accelerated on record industry assets. Average compensation rose between five and ten percent in 2013, with wide categorical and performance driven disparity, and with Portfolio Managers, Senior Analysts and Risk Managers at top performing funds seeing the highest relative increases, according the latest 2014 Glocap Hedge Fund Compensation Report, published today by Glocap and HFR.

Over the first three quarters of 2013, global hedge fund industry capital exceeded $2.51 trillion, the fifth consecutive quarterly asset level record, as the HFRI Fund Weighted Composite Index gained +5.5 percent YTD. The percentage of all hedge funds which reached their high watermarks YTD through September also rose to 62 percent, a sharp increase from the 48.4 percent of funds which reached respective high watermarks in 2012.

Press Release: English | Chinese | Japanese



Read Executive Summary | Purchase Report


October 31, 2013

HFR, Inc. releases HFR Asian Hedge Fund Industry Report for Third Quarter 2013

ASIAN HEDGE FUND CAPITAL GROWTH ACCELERATES AS ABENOMICS CREATES OPPORTUNITY

HFRX Japan Index extends record gains;
China, Singapore expand as leading Asian hedge fund headquarters


CHICAGO, (October 31, 2013) - Capital invested in Asian hedge funds surged to its highest level in five years and passed an important growth milestone in the third quarter, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR. Total capital invested in the Asian hedge fund industry increased to $103.8 billion (¥ 10.14 trillion Japanese Yen, RMB 654 billion) surpassing the $100 billion milestone for the first time since 2Q08, prior to the global Financial Crisis. Performance gains were led by the HFRX Japan Index, which extended record performance gains in 3Q13, while hedge funds in Emerging Asia continued to outperform local equity markets. Global hedge fund capital increased by $94 billion to a record of $2.51 trillion (¥ 244 trillion Japanese Yen; RMB 15.7 trillion) in 3Q13.

Press Release: English | Chinese | Japanese



Details: HFR Asian Hedge Fund Industry Report: Q3 2013


October 18, 2013

HFR, Inc. releases HFR Global Hedge Fund Industry Report for Third Quarter 2013

HEDGE FUND ASSETS SURPASS NEW MILESTONE IN THIRD QUARTER

Highest capital inflows since 2Q11 drive industry assets above $2.5 trillion;
Resurgent flows return Equity Hedge to largest strategy area by investor assets


CHICAGO, (October 18, 2013) - Total capital invested in the global hedge fund industry surged to a fifth consecutive quarterly record in 3Q13, driven by the highest inflows in over 2 years and eclipsing another milestone of industry expansion. Hedge fund capital rose to $2.51 trillion in 3Q13, an increase of $94 billion over the prior quarter, with growth distributed across all strategy areas, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR, the established leader in indexation, analysis and research for the global hedge fund industry. Investors allocated over $23 billion of net new capital to hedge funds in 3Q13, the highest quarterly inflows since 2Q11. The HFRI Fund Weighted Composite Index gained +2.2 percent in 3Q13 and has gained +5.5 percent YTD through September, with performance leadership from Equity Hedge and Event Driven strategies.

Press Release: English | Chinese | Japanese | Arabic

Details: HFR Global Hedge Fund Industry Report: Q3 2013 | Purchase Report


October 7, 2013

HEDGE FUNDS POST SEPTEMBER GAINS AS FED MAINTAINS STIMULUS

Equity Hedge, Event Driven lead gains as funds position for US government shutdown; German elections add to increasing investor risk tolerance, IPO activity builds

CHICAGO, (October 7, 2013) - Hedge funds posted strong gains in September, as the US Federal Reserve maintained current bond purchase stimulus measures, German elections produced favorable results and investors prepared for the US government to shut down over the budget bill impasse. The HFRI Fund Weighted Composite Index gained +1.6 percent for the month, the strongest performance since January 2013 and the second highest gain in the last 19 months, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.

View Full Press Release: English | Chinese

View latest HFRI Indices Performance



September 12, 2013

HFR, Inc. releases HFR Market Microstructure HF Industry Report for Q2 2013

HEDGE FUND LAUNCHES STEADY AS U.S. EASES MARKETING RESTRICTIONS

Average management, incentive fees continue decline through 2Q; Fund performance dispersion increases as top decile improves

CHICAGO, (September 12, 2013) - Hedge fund launches and liquidations both declined modestly in the second quarter, as US regulators eased restrictions on the marketing of hedge funds. A total of 288 new hedge funds launched in 2Q13, a slight decline from the 297 funds launched in 1Q13 but representing a year over year increase from the 245 funds launched in 2Q12, according to the latest HFR Market Microstructure Industry Report, released today by HFR, the established global leader in the indexation, research and analysis of the global hedge fund industry. Total hedge fund launches in the trailing 4 quarters ending 2Q totaled 1144, the highest total since nearly 1200 funds launched in the trailing 4 quarters ending 1Q08.

Press Releases: English

Details: HFR Market Microstructure Hedge Fund Industry Report - Q2 2013



September 9, 2013

HEDGE FUNDS POST AUGUST DECLINES AS POLITICAL TENSIONS RISE

Risks rise over Emerging Markets, Syria, Fed stimulus extraction; Mixed performance in Event Driven, Relative Value Arbitrage as HFRI posts 2nd decline for 2013

CHICAGO, (September 9, 2013) - Hedge funds declined in August while US equity markets posted the largest decline of 2013 as investors reduced risk in reaction to weakness in Emerging Market equities and currencies, expectations for the end of tapering by the US Federal Reserve, and uncertainty regarding US and international involvement in Syria. The HFRI Fund Weighted Composite declined by -0.70 percent for the month with mixed performance across various Equity Hedge, Event Driven and Relative Value Arbitrage strategies offsetting weakness in Macro strategies, as reported today by HFR, the established global leader in the indexation, research and analysis of the global hedge fund industry.

View Full Press Release: English

View latest HFRI Indices Performance



August 23, 2013

HFR, Inc. releases HFR Emerging Markets HF Industry Report for Q2 2013

EMERGING MARKET HEDGE FUND ASSETS RISE AS CURRENCIES FALL

Inflows to Middle East, LatAm, Emerging Asia funds increase EM assets to new record;
Concerns of US tapering & slow EM growth pressure Real, Rupee and South African Rand


CHICAGO, (August 23, 2013) - Hedge fund assets invested in Emerging Markets increased to a new record in 2Q13 as Emerging Markets hedge funds extended gains through mid-year and investors positioned for continued EM currency volatility in 2H13. Total hedge fund capital invested in Emerging Markets increased to $154.9 billion (Chinese RMB 948 billion, Russian Ruble 5.1 trillion, Brazil Real 371 billion, Indian Ruppe 9.8 trillion, Saudi Riyal 580 billion), the fourth consecutive quarterly record asset level for EM hedge fund assets, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR, the established global leader in indexation, analysis and research for the global hedge fund industry.

Press Release: English | Arabic | Chinese | Portuguese | Russian





August 9, 2013

HFR, Inc. releases HFR Asian Hedge Fund Industry Report for Second Quarter 2013

CAPITAL FLOWS TO ASIAN HEDGE FUNDS TOP US, EUROPEAN FUNDS

HFRX Japan Index leads 2Q performance gains, outperforming US equities;
Japanese hedge fund assets surge to highest level since 2007


CHICAGO (August 9, 2013) - Building on strong recent performance gains, global investors increased allocations to Asian hedge funds in the second quarter with net inflows to Asian hedge funds exceeding the flows to both U.S. and European-focused hedge funds, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR, the established global leader in indexation, analysis and research for the global hedge fund industry.

Investors allocated over $3 billion of new capital to Asian hedge funds, with new inflows concentrated in Equity Hedge strategies and Japan-focused funds. As of 2Q, total capital invested in the Asian hedge fund industry increased to over $98.4 billion (¥9.6 Trillion Japanese Yen, 602 Billion RMB), the highest level since 2007. Total global hedge fund industry capital increased by nearly $40 billion to a record $2.41 trillion (¥235 Trillion Japanese Yen, 14.7 Trillion RMB) in 2Q13.

Press Release: English | Chinese | Japanese

Details: HFR Asian Hedge Fund Industry Report: Q2 2013


August 7, 2013

EQUITY HEDGE DRIVES HFRI JULY GAINS ON EARNINGS, M&A

HFRI Fund Weighted Composite Index declines -1.3 percent, snapping seven-month advance; Losses led by Emerging Markets, Commodity, interest rate-sensitive exposures

CHICAGO (July 8, 2013) - Hedge funds posted the first monthly decline for 2013 in June, ending a streak of seven consecutive months of gains, the longest run of positive performance seen by the industry since 2011, according to data released today by HFR, the established global leader in the indexation, research and analysis of the hedge fund industry.

The HFRI Fund Weighted Composite Index declined -1.3 percent for the month, only the second decline in the trailing thirteen months. All four main HFRI Strategy Indices posted losses for June, with declines led by Macro and Equity Hedge strategies. The HFRI Macro Index posted a decline of -1.5 percent with negative contributions from Trend Following strategies, Fixed Income, Emerging Markets and Commodity Metals exposures. Emerging Markets posted losses across equity, sovereign bond and currency markets, as US yields rose significantly for the month; HFRI Emerging Markets Index declined by -4.0 percent, led by declines in Emerging Asia and Latin America, which declined -5.7 and -5.2 percent, respectively. The HFRI Systematic Diversified/CTA Index declined -1.8 percent, erasing the previous YTD gain of +1.3 percent through May. Commodity-focused strategies also declined by -1.4 percent, while Discretionary Macro strategies declined -1.9 percent.

View Full Press Release: English

View latest HFRI Indices Performance



July 18, 2013

HFR, Inc. releases HFR Global Hedge Fund Industry Report for Second Quarter 2013

HEDGE FUNDS EXTEND RECORD ASSET TOTAL FOR FOURTH CONSECUTIVE QUARTER

Total hedge fund assets surpass $2.4 trillion, led by credit-sensitive Event Driven strategies;
Number of hedge funds surpasses 10,000 for first time since 2006


CHICAGO (July 18, 2013) - Total capital invested globally in hedge funds increased to a record level for the fourth consecutive quarter in 2Q13, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR, the established leader in indexation, analysis and research for the global hedge fund industry. The growth in assets in 2Q13 extended a streak of steady increases in hedge fund capital despite a surge in financial market volatility into quarter end.

Total hedge fund capital increased by a net total of $40 billion in 2Q13 to a record $2.41 trillion. Hedge funds that took in new capital saw inflows of $55.9 billion during the quarter, while funds that experienced redemptions booked outflows totaling $41.4 billion, resulting in a net inflow of $14.5 billion, which is in line with the 1Q13 inflow of $15.2 billion. Sixty percent of all hedge funds experienced net inflows for 2Q13 while forty percent experienced outflows. The first half 2013 inflow of $29.8 billion surpassed 1H inflows in 2012 ($20.4 billion) and nearly matched the full year 2012 total of $34.4 billion. The total number of hedge funds increased to over 10,000 funds for the first time since 2006, at which time a record number of 10,096 funds existed.

Press Release: English | Chinese | Japanese


Details: HFR Global Hedge Fund Industry Report: Q2 2013


July 8, 2013

HEDGE FUNDS POST FIRST DECLINE FOR 2013 IN JUNE

HFRI Fund Weighted Composite Index declines -1.3 percent, snapping seven-month advance; Losses led by Emerging Markets, Commodity, interest rate-sensitive exposures

CHICAGO (July 8, 2013) - Hedge funds posted the first monthly decline for 2013 in June, ending a streak of seven consecutive months of gains, the longest run of positive performance seen by the industry since 2011, according to data released today by HFR, the established global leader in the indexation, research and analysis of the hedge fund industry.

The HFRI Fund Weighted Composite Index declined -1.3 percent for the month, only the second decline in the trailing thirteen months. All four main HFRI Strategy Indices posted losses for June, with declines led by Macro and Equity Hedge strategies. The HFRI Macro Index posted a decline of -1.5 percent with negative contributions from Trend Following strategies, Fixed Income, Emerging Markets and Commodity Metals exposures. Emerging Markets posted losses across equity, sovereign bond and currency markets, as US yields rose significantly for the month; HFRI Emerging Markets Index declined by -4.0 percent, led by declines in Emerging Asia and Latin America, which declined -5.7 and -5.2 percent, respectively. The HFRI Systematic Diversified/CTA Index declined -1.8 percent, erasing the previous YTD gain of +1.3 percent through May. Commodity-focused strategies also declined by -1.4 percent, while Discretionary Macro strategies declined -1.9 percent.

View Full Press Release: English | Chinese

View latest HFRI Indices Performance



June 13, 2013

HFR, Inc. releases HFR Market Microstructure HF Industry Report for Q1 2013

HEDGE FUND LAUNCHES RISE AS INVESTOR RISK TOLERANCE RETURNS

Equity Hedge, European-located funds lead launch trend; Management, Incentive Fees decline as performance dispersion narrows

CHICAGO (June 13, 2013) - The number of new hedge fund launches increased for the fourth consecutive quarter in 1Q13, according to the latest HFR Market Microstructure Industry Report, released today by HFR, the established global leader in indexation, analysis and research for the global hedge fund industry. Hedge fund launches in 1Q13 totaled 297 funds, the third highest quarterly launch total since the beginning of 2008, narrowly trailing only 1Q12 (304) and 1Q11 (298). Hedge fund liquidations declined to 196 in 1Q13 from 211 and 238 in each of the prior two quarters, respectively.

Press Releases: English | Chinese

Details: HFR Market Microstructure Hedge Fund Industry Report - Q1 2013



June 7, 2013

HEDGE FUNDS GAIN IN MAY AS BONDS, CURRENCIES FALL

HFRI Equity Hedge, Event Driven lead 7th consecutive monthly gain for Composite Index; Effective rate hedging drives 12th consecutive monthly gain for Relative Value Arbitrage

CHICAGO (June 7, 2013) - Hedge funds posted their 7th consecutive monthly gain in May and the 11th gain in the last twelve months as strong performance in Equity Hedge and Event Driven strategies offset weakness in Macro and CTA strategies, according to data released today by HFR, the established global leader in the indexation, research and analysis of the global hedge fund industry.

The broad-based HFRI Fund Weighted Composite Index advanced +0.5 percent for the month, led by a gain of +1.8 percent for the HFRI Equity Hedge Index. Equity Hedge, the largest strategy area for the equally-weighted HFRI Composite, saw gains distributed across most sub-strategies, with Fundamental Value, Sector Technology and Fundamental Growth advancing +2.5 percent, +2.4 percent, and +1.1 percent, respectfully. Meanwhile, Short Bias funds detracted from overall Equity Hedge performance, declining by -3.2 percent.

View Full Press Release: English

View latest HFRI Indices Performance



May 2013

HFR President Ken Heinz discusses recent hedge fund industry trends on a panel at the
2013 Alts Virtual Summit with Nadia Papagiannis, Director of Alternative Fund Research at Morningstar and Tom Lydon, Editor & Publisher of ETF Trends - (50 minutes in length).

Get the Flash Player to see this clip.



If the Flash Player does not appear please click here

The video is from a previously hosted private engagement and is provided for informational purposes only; the views expressed are intended to be general in nature and are not designed to serve as any type of recommendation to purchase securities. The views expressed do not necessarily reflect the views of Hedge Fund Research, Inc.



May 22, 2013

HFR, Inc. releases HFR Emerging Markets HF Industry Report for Q1 2013

EMERGING MARKETS HEDGE FUNDS GAIN AS REGIONAL EQUITIES FALL, DECOUPLE

EM hedge fund assets surge to record $151 billion;
HFRX China, Russia and Brazil gain on equity & credit hedging


CHICAGO, (May 22, 2013) - Emerging Markets hedge funds posted gains through early 2013 despite declines in many regional equity markets, benefitting from sophisticated equity and credit hedging strategies and tactical exposure to powerful trends in currency and commodity markets. Total capital invested in Emerging Markets (EM) hedge funds increased to over $151 billion (927 billion Chinese RMB, 4.7 trillion Russian Ruble, 306 billion Brazil Real, 8.2 trillion Indian Rupee and 566 billion Saudi Riyal) as investors allocated $1.8 billion in new capital in 1Q13, according to the latest HFR Emerging Markets Hedge Fund Industry Report, published by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. This followed $3 billion of new capital allocated to EM hedge funds in 4Q 2012.

Details: HFR Emerging Markets Hedge Fund Industry Report: Q1 2013

Press Release: English | Arabic | Chinese | Portuguese | Russian




HFR PRESIDENT, KEN HEINZ PARTICIPATING IN ALTS VIRTUAL SUMMIT

Hear from thought leader Ken Heinz as he tackles the evolution of alternative investing, the most popular and innovative tools and strategies available today and specific ideas advisors should consider for client portfolios.

Pundits Panel: Implementing Alt Strategies and Industry Standards
9:00 - 9:50 am ET

Alts Virtual Summit
"The Largest Alternative Investments Advisor Conference"
May 15, 2013

Today, advisors and the investment community have increasingly utilized alternative investments as part of a well-diversified investment portfolio, reducing risk and enhancing returns. With the growing number of fund products available and more that focus on alternative strategies, advisors can also gain exposure to alt assets. This panel of experts will provide their insights into the current alternative investments landscape, effective ways to execute all types of alts strategies, new products and alternative asset opportunities for tactical trades or allocation strategies.

Lean more about the 2nd Annual Alts Virtual Summit



May 7, 2013

MACRO CTA LEADS APRIL HEDGE FUND GAINS DESPITE GOLD & COMMODITY SELLOFF

HFRI extends 1Q performance and high watermark with 6th consecutive monthly gain; Quantitative, Trend Following Macro CTAs post strongest gain in 10 months

CHICAGO, (May 7, 2013) - Hedge funds posted gains for the sixth consecutive month, as trend-following, quantitative Macro strategies successfully navigated the dramatic selloff in gold and other commodities, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained +0.7 percent for the month, with positive contributions from U.S. and Japanese equity exposure, tactical commodity exposure, and falling fixed income yields globally on Bank of Japan stimulus measures and bond purchases. Funds of Hedge Funds also posted a gain for the month, with the HFRI Fund of Funds Index gaining +1.1 percent.



View Full Press Release: English | Chinese

View latest HFRI Indices Performance



May 7, 2013

HFR, Inc. releases HFR Asian Hedge Fund Industry Report for First Quarter 2013

JAPANESE HEDGE FUNDS LEAD ASIAN HEDGE FUND CAPITAL TO FIVE YEAR HIGH

HFRX Japan Index posts best quarter since 2005 on stimulus measures;
Funds positioned for additional stimulus, competitive currency devaluations.


CHICAGO, (May 7, 2013) - Investors increased allocations to Asian hedge funds in 1Q13 as stimulus measures, quantitative easing and increased bond purchases by the Bank of Japan drove gains across both Japanese equities and the HFRX Japan Index. Total Asia-focused hedge fund capital increased by +7.6 percent in 1Q13 to nearly $95 billion (US) (¥ 9.4 trillion Japanese Yen, 584 billion RMB), reaching the highest level since Asian hedge fund capital peaked in 2007, according to the latest HFR Asian Hedge Fund Industry Report, published by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Investors allocated over $1.3 billion in net new capital to Asian hedge funds in 1Q13, the largest quarterly inflow since 3Q11, as the total number of Asian hedge funds increased to more than 1,150.

Press Release: English | Chinese | Japanese

Details: HFR Asian Hedge Fund Industry Report: Q1 2013


April 19, 2013

HFR, Inc. releases HFR Global Hedge Fund Industry Report for First Quarter 2013

HEDGE FUND ASSETS TRACK HFRI TO RECORD IN 1Q13

Industry assets surge by $122 billion to $2.375 trillion;
Broad-based inflows led by Relative Value Arbitrage as U.S. equities, HFRI eclipse record levels


CHICAGO, (April 19, 2013) - Total capital invested in the global hedge fund industry expanded during the first quarter at the fastest rate since 2010 as global financial institutions positioned for both growth and volatility across fixed income, equities, currencies and commodities. Total assets under management increased by $122 billion, the largest increase since 4Q10, bringing industry capital to a record $2.375 trillion, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the hedge fund industry. Investors allocated $15.2 billion of net new capital to hedge funds in 1Q13, marking the highest inflow since 1Q12. Hedge funds have experienced capital inflows in 14 of the last 15 quarters.

Press Release: English | Chinese | Japanese | Arabic


Details: HFR Global Hedge Fund Industry Report: Q1 2013






HedgeWeek recognizes HFR as Best Index Provider 2013

View Award



April 5, 2013

HEDGE FUNDS TRACK EQUITIES TO RECORD LEVEL IN 1Q13

HFRI surpasses performance high watermark from April 2011 on Equity, Arbitrage gains; Shareholder activists, currency stimulus and sovereign risk dominate trends in first quarter

CHICAGO (April 5, 2013) - Hedge funds extended gains in March to conclude 1Q13 at record levels, tracking U.S. equity performance, which also advanced to close the quarter at new highs. The HFRI Fund Weighted Composite Index gained +1.2 percent in March bringing the 1Q13 gain to +3.9 percent, with top contributions from Fixed Income-based Relative Value Arbitrage and Equity Hedge strategies, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.



View Full Press Release: English | Chinese

View latest HFRI Indices Performance



March 19, 2013

PRIVATE CLIENT RESOURCES ANNOUNCES STRATEGIC PARTNERSHIP WITH HEDGE FUND RESEARCH

Drill-Down Analysis of Hedge Fund Holdings Delivers Greater Transparency into Alternative Investments on Firm's Award-Winning Palette Platform™

WILTON, CONN. (March 19, 2013) - Private Client Resources, LLC (PCR), a leading outsourcing provider of private wealth reporting and integrated technology, and a major competitor of both Advent Software and Envestnet, has entered into a strategic partnership with Hedge Fund Research, Inc. (HFR), the foremost provider of indexation, research and analysis of the global hedge fund industry. Through this partnership, PCR is now delivering greater transparency into the research of hedge funds by having a detailed view of the underlying holdings.



View Full Press Release: English



March 14, 2013

HFR, Inc. releases HFR Market Microstructure HF Industry Report for Year End 2012

NEW HEDGE FUND LAUNCHES RISE ON RECORD INDUSTRY CAPITAL

Liquidations rise to 3 year high as Relative Value assets surpass Equity Hedge; Average management and incentive fees decline, though trend slows

CHICAGO, (March 14, 2013) - New hedge fund launches rose at year end 2012, narrowly trailing total launches for 2011 as total hedge fund industry assets increased to a record of $2.25 trillion, according to the latest release of the HFR Market Microstructure Industry Report, released today by HFR, the leading provider of indexation, research and analysis for the global hedge fund industry. New launches totaled 284 in 4Q12, representing the 2nd highest quarter for 2012, while the full year total of 1,108 launches was in line with the 2011 total of 1,113 launches.

Press Releases: English | Chinese

Details: HFR Market Microstructure Hedge Fund Industry Report - Year End 2012



March 7, 2013

HEDGE FUNDS GAIN IN FEBRUARY AS U.S. EQUITIES APPROACH RECORD LEVEL

Relative Value, Event Driven strategies post 9th consecutive monthly gain on M&A surge; Macro funds reverse trend, decline on Commodity, CTA weakness

CHICAGO, (March 7, 2013) - Hedge funds posted gains in February as broad U.S. equity indexes approached record levels and the U.S. dollar surged against most major currencies, weathering renewed investor concerns on the European banking and sovereign debt crisis following the results of the Italian elections. The HFRI Fund Weighted Composite Index posted a gain of +0.14 percent for the month, the 8th gain in the last nine months, led by Relative Value Arbitrage and Equity Hedge strategies, according to data released today by HFR, the established global leader in the indexation, analysis and research of the hedge fund industry. Funds of Hedge Funds performed in-line with the overall industry, as the HFRI Fund of Funds Index gained +0.13 percent in February.



View Full Press Release: English | Chinese

View latest HFRI Indices Performance



February 22, 2013

HFR, Inc. releases HFR Emerging Markets HF Industry Report for Year End 2012

EMERGING MARKETS HEDGE FUNDS POSITION FOR CURRENCY VOLATILITY

Loose monetary policy in developed markets drives EM gains, capital flows;
HFRX India Index leads gains across BRICs, Multi-EM


CHICAGO (February 22, 2013) - Emerging markets hedge funds posted strong gains to conclude 2012 which continued through early 2013, as stimulus measures in developed markets contributed to EM currency and equity market gains. The HFRX Multi-Emerging Markets Index gained +13.1 percent for 2012, including a gain of +4.8 percent in 4Q, with contributions across each of the BRIC (Brazil, Russia, India, and China) economies. Hedge fund capital invested in Emerging Markets increased by $11.2 billion during the fourth quarter of 2012 to a record of $139 billion (272 billion Real, 867 billion RMB, 7.5 trillion Rupee, 4.2 trillion Ruble, 521 billion Saudi Riyal) according to the latest HFR Emerging Markets Hedge Fund Industry Report, published by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Net capital inflows to Emerging Markets hedge funds exceeded $3.0 billion in 4Q12, the highest quarterly inflow since 1Q08.

Details: HFR Emerging Markets Hedge Fund Industry Report: Year End 2012

Press Release: English | Arabic | Chinese | Portuguese | Russian







The Hedge Fund Journal recognizes HFR as the Leading Provider of Hedge Fund Indices, Databases and Analysis

View Award



February 7, 2013

HEDGE FUNDS POST STRONG JANUARY GAINS AS MACRO RISKS SHIFT

Equity Hedge leads industry performance, Event Driven advances on Activist positioning; Macro, Emerging Markets gain on Euro, Yen trading as volume soars

CHICAGO, (February 7, 2013) - Hedge funds posted strong gains in January as the resolution of the US fiscal cliff and investor optimism regarding the European banking and sovereign debt crisis drove gains across all hedge fund strategies to begin 2013, according to data released today by HFR. The HFRI Fund Weighted Composite Index rose by +2.8 percent, the seventh gain in the last eight months and the strongest monthly gain since January 2012. Fund of Hedge Funds gained +2.5 percent, their third consecutive gain and sixth in last seven months.



View Full Press Release: English | Chinese

View latest HFRI Indices Performance



February 6, 2013

HFR, Inc. releases HFR Asian Hedge Fund Industry Report for Year End 2012

POLITICS AND POLICY DRIVE YEAR-END GAINS FOR ASIAN HEDGE FUNDS

HFRX China, India indices lead Asian gains on moderating economic growth;
HFRX Japan Index gains continue on election, policy stimulus measures.

Asian hedge fund industry surpasses record number of funds


CHICAGO, (February 6, 2013) - The Asian hedge fund industry posted strong gains to conclude 2012, led by hedge funds investing in China, India and Japan, as capital invested in the Asian hedge fund industry increased by 7.5 percent for 2012, according to the latest HFR Asian Hedge Fund Industry Report, published by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total hedge fund capital invested in the Asian hedge fund industry increased to $88.25 billion (¥ 8.17 trillion, RMB: 555 billion), the highest level since 2007, prior to the Financial Crisis. Total capital increased by $3.9 billion in 4Q12 on a net new inflow of $1.17 billion concentrated in Emerging Asia. Total capital invested in the hedge fund industry globally increased to a record level of $2.25 trillion (¥ 208 Trillion; RMB 14 Trillion) as of year-end 2012.

Press Release: English | Chinese | Japanese

Details: HFR Asian Hedge Fund Industry Report: Year End 2012


January 18, 2013

HFR, Inc. releases HFR Global Hedge Fund Industry Report for Year End 2012

RELATIVE VALUE ARBITRAGE LEADS HEDGE FUND CAPITAL TO NEW RECORD

Fixed income-based Relative Value Arbitrage overtakes Equity Hedge as largest strategy area by assets; HFR launches HFRU family of UCITS hedge fund indices.

CHICAGO, (January 18, 2013) - Steady inflows and performance-based gains increased hedge fund assets by $60 billion in the fourth quarter, bringing total industry capital to a record $2.25 trillion, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Hedge funds posted performance gains in 4Q12, as global financial markets struggled with the political and macroeconomic uncertainty which had adversely impacted performance throughout much of the year, including the European banking and sovereign debt crisis, and the U.S. fiscal cliff negotiations. The HFRI Fund Weighted Composite Index advanced +1.3 percent in 4Q, topping the global equity market decline, and bringing full-year 2012 HFRI FWC Index performance to +6.2 percent. Investors continued to allocate new capital to the hedge fund industry, with net asset inflows of $3.4 billion in 4Q, bringing total 2012 inflows to $34.4 billion.

HFR launches HFRU Indices, designed to track hedge funds compliant with UCITS guidelines

HFR also announced the launch of the HFRU family of indexes, including the HFRU Hedge Fund Composite Index, which gained +4.9 percent in 2012. The HFRU Indices are published on a daily basis and comprise the most comprehensive benchmarks of UCITS hedge fund performance available. HFRU Indices are representative of the complete universe of hedge funds compliant with UCITS guidelines, and include four strategy indices (Equity Hedge, Event Driven, Macro and Relative Value Arbitrage) and an aggregate HFRU Hedge Fund Composite Index. The HFRU join the HFRI and HFRX series of indices, both of which have become the industry standard benchmarks for tracking global hedge fund industry performance.

For more information on the HFRU Indices, visit WWW.HFRU.EU

NEW VIDEO: HFR President Ken Heinz discusses recent hedge fund performance on CNBC Europe's Closing Bell


Video:
Kenneth Heinz, president of Hedge Fund Research, discusses hedge funds with Financial Times, Long View columnist John Authers. (4m 59sec)
Click here to view
Press Release: English | Arabic | Chinese | Japanese


Details: HFR Global Hedge Fund Industry Report: Year End 2012


January 8, 2013

HEDGE FUNDS POST DECEMBER GAINS AS FISCAL CLIFF AVERTED

HFRI tops equity markets for 4Q, closes year with 6th gain in 7 months;
Relative Value Arbitrage leads industry in 2012 on MBS/ABS gains; Quantitative Macro lags


CHICAGO, (January 8, 2013) - Hedge funds climbed in December as equities posted strong gains on the year's final trading day in anticipation of the passage of legislation to avert the U.S. Fiscal Cliff. The HFRI Fund Weighted Composite Index gained +1.3 percent for the month, bringing FY 2012 performance to +6.2 percent, according to HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index posted gains in six of the year's final seven months, approaching the index's record high value.

View Full Press Release: English | Chinese | Japanese | Korean

View latest HFRI Indices Performance











© 2014 Hedge Fund Research, Inc. - All rights reserved. HFR®, HFRI®, HFRX®, HFRQ®, HFRU®, WWW.HEDGEFUNDRESEARCH.COM® and HEDGE FUND RESEARCH™ are the trademarks of Hedge Fund Research, Inc.

GENERAL WEBSITE PRIVACY POLICY