Indices

Strategy Return Map

EQUAL WEIGHTED HEDGE FUND INDICES

ASSET WEIGHTED HEDGE FUND INDICES

SPECIALIST ALTERNATIVE FUND INDICES

INVESTIBLE BENCHMARK INDICES

METHODOLOGIES

INDEX PRESS RELEASES

Strategies deployed by managers vary significantly under different macro environments. The following colour map displays the various strategic returns since 2000 which is useful for visualising hedge fund strategies versus returns over the years.

2000
 CTA/Managed Futures  

21.14
 Long Short Equities  

19.45
 Arbitrage  

17.86
 Relative Value  

17.25
 Multi-Strategy  

16.13
 Macro  

14.14
 Event Driven  

13.22
 Distressed Debt  

12.29
 Fixed Income  

9.89
2001
 Distressed Debt  

15.65
 Event Driven  

14.30
 Fixed Income  

13.58
 Relative Value  

12.85
 Multi-Strategy  

12.04
 Macro  

11.14
 Long Short Equities  

10.33
 Arbitrage  

10.19
 CTA/Managed Futures  

9.62
2002
 CTA/Managed Futures  

20.92
 Macro  

11.36
 Multi-Strategy  

10.32
 Fixed Income  

9.69
 Relative Value  

9.09
 Arbitrage  

8.07
 Distressed Debt  

6.88
 Event Driven  

3.51
 Long Short Equities  

0.88
2003
 Distressed Debt  

32.92
 Event Driven  

24.63
 Long Short Equities  

24.15
 Relative Value  

22.53
 Multi-Strategy  

22.11
 Macro  

20.92
 CTA/Managed Futures  

17.21
 Fixed Income  

15.66
 Arbitrage  

10.82
2004
 Distressed Debt  

22.10
 Event Driven  

15.47
 Multi-Strategy  

12.70
 Long Short Equities  

11.32
 Fixed Income  

9.05
 Relative Value  

8.47
 CTA/Managed Futures  

7.92
 Macro  

6.87
 Arbitrage  

5.12
2005
 Long Short Equities  

13.88
 Multi-Strategy  

11.82
 Distressed Debt  

11.77
 Event Driven  

11.36
 Macro  

10.81
 CTA/Managed Futures  

8.47
 Relative Value  

7.41
 Fixed Income  

6.24
 Arbitrage  

4.10
2006
 Event Driven  

18.07
 Multi-Strategy  

17.08
 Distressed Debt  

16.83
 Long Short Equities  

16.41
 Relative Value  

12.44
 Arbitrage  

11.61
 Macro  

11.15
 CTA/Managed Futures  

10.83
 Fixed Income  

8.53
2007
 Long Short Equities  

14.63
 CTA/Managed Futures  

14.61
 Multi-Strategy  

14.57
 Macro  

14.29
 Relative Value  

12.35
 Event Driven  

10.03
 Distressed Debt  

8.77
 Arbitrage  

8.50
 Fixed Income  

5.67
2008
 CTA/Managed Futures  

19.30
 Macro  

3.15
 Relative Value  

-7.83
 Arbitrage  

-9.31
 Multi-Strategy  

-10.22
 Fixed Income  

-10.83
 Long Short Equities  

-19.34
 Event Driven  

-20.19
 Distressed Debt  

-24.76
2009
 Event Driven  

37.57
 Distressed Debt  

34.60
 Long Short Equities  

27.08
 Fixed Income  

25.71
 Relative Value  

24.42
 Arbitrage  

22.73
 Multi-Strategy  

21.46
 Macro  

15.99
 CTA/Managed Futures  

6.53
2010
 Distressed Debt  

22.27
 Event Driven  

15.33
 CTA/Managed Futures  

14.63
 Relative Value  

13.44
 Fixed Income  

12.21
 Long Short Equities  

11.27
 Multi-Strategy  

10.19
 Arbitrage  

8.79
 Macro  

8.23
2011
 Fixed Income  

4.03
 CTA/Managed Futures  

2.56
 Relative Value  

1.52
 Distressed Debt  

1.38
 Arbitrage  

1.11
 Macro  

0.74
 Multi-Strategy  

-0.80
 Event Driven  

-4.75
 Long Short Equities  

-5.70
2012
 Distressed Debt  

14.48
 Fixed Income  

11.54
 Event Driven  

11.32
 Relative Value  

10.26
 Long Short Equities  

9.36
 Arbitrage  

8.18
 Multi-Strategy  

8.01
 Macro  

5.55
 CTA/Managed Futures  

2.84
2013
 Long Short Equities  

16.63
 Event Driven  

15.28
 Distressed Debt  

14.16
 Multi-Strategy  

8.54
 Arbitrage  

7.49
 Relative Value  

7.24
 Fixed Income  

6.14
 Macro  

5.10
 CTA/Managed Futures  

1.27
2014
 CTA/Managed Futures  

10.03
 Multi-Strategy  

5.96
 Macro  

5.08
 Fixed Income  

4.53
 Long Short Equities  

4.53
 Relative Value  

3.79
 Event Driven  

3.14
 Arbitrage  

2.79
 Distressed Debt  

2.49
2015
 Arbitrage  

4.63
 Long Short Equities  

3.44
 Macro  

2.90
 Multi-Strategy  

2.75
 Relative Value  

1.84
 CTA/Managed Futures  

1.84
 Fixed Income  

1.27
 Event Driven  

0.04
 Distressed Debt  

-4.15
2016
 Distressed Debt  

14.49
 Event Driven  

9.28
 Relative Value  

7.46
 Fixed Income  

7.05
 Multi-Strategy  

6.02
 Macro  

5.75
 Arbitrage  

5.35
 Long Short Equities  

4.81
 CTA/Managed Futures  

3.28
2017
 Long Short Equities  

13.34
 Event Driven  

9.87
 Multi-Strategy  

8.42
 Distressed Debt  

7.63
 Fixed Income  

6.73
 Relative Value  

6.64
 Arbitrage  

6.30
 Macro  

6.21
 CTA/Managed Futures  

3.94
2018
 Distressed Debt  

3.99
 Arbitrage  

0.25
 Fixed Income  

0.11
 Relative Value  

-0.35
 Event Driven  

-1.73
 Macro  

-1.83
 CTA/Managed Futures  

-2.26
 Multi-Strategy  

-3.00
 Long Short Equities  

-5.47
2019
 Long Short Equities  

12.99
 Macro  

8.97
 Multi-Strategy  

8.74
 Fixed Income  

7.92
 Event Driven  

7.66
 Arbitrage  

6.40
 CTA/Managed Futures  

6.00
 Relative Value  

5.40
 Distressed Debt  

3.91
2020
 Long Short Equities  

16.77
 Arbitrage  

12.56
 Event Driven  

10.99
 Relative Value  

10.86
 Macro  

10.58
 CTA/Managed Futures  

10.34
 Distressed Debt  

10.07
 Multi-Strategy  

7.90
 Fixed Income  

5.57
2021
 Distressed Debt  

17.62
 Event Driven  

13.23
 Long Short Equities  

10.69
 CTA/Managed Futures  

9.00
 Multi-Strategy  

8.61
 Relative Value  

6.95
 Arbitrage  

5.80
 Macro  

4.86
 Fixed Income  

4.30
2022
 CTA/Managed Futures  

6.05
 Distressed Debt  

1.33
 Macro  

-0.38
 Arbitrage  

-1.05
 Relative Value  

-1.90
 Multi-Strategy  

-1.91
 Fixed Income  

-3.63
 Event Driven  

-5.21
 Long Short Equities  

-8.77
2023
 Distressed Debt  

10.22
 Relative Value  

9.42
 Fixed Income  

8.85
 Multi-Strategy  

8.80
 Long Short Equities  

8.62
 Event Driven  

8.35
 Arbitrage  

7.10
 Macro  

5.09
 CTA/Managed Futures  

0.60
2024
 CTA/Managed Futures  

5.83
 Long Short Equities  

4.91
 Distressed Debt  

4.12
 Macro  

4.06
 Multi-Strategy  

3.70
 Relative Value  

2.69
 Fixed Income  

2.61
 Event Driven  

2.05
 Arbitrage  

1.93