GAI FOCUS MUTUAL FUND HEDGE FUND INDICES

Liquidity, Transparency and Daily Hedge Fund Replication


The Greenwich Alternative Investment Focus Mutual Fund Hedge Fund Indices ("GAIMF" or "GAI MF HF") are designed to provide efficient access to the performance of the alternative mutual fund universe and specific hedge fund strategy returns using a smaller, fixed number of constituents from the GAI Benchmark Mutual Fund Hedge Fund Indices. Focusing on five of the most common alternative mutual fund strategies, the GAIMF uses the Greenwich Value Score to select top ranking, risk adjusted funds creating a balanced investable product. 

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Additionally, the GAI Focus Mutual Fund Hedge Fund Index has been weighted to match the Greenwich Global Hedge Fund Index year-end strategy composition so as to better replicate the hedge fund universe in addition to providing access to alternative mutual fund universe returns.

Strategy Indices
Constituents are separated into their strategy groups based on Greenwich's hedge fund strategy criteria. Information on each strategy's criteria can be view on the Strategy Definition page under Hedge Fund Essentials.

MF Focus Composition

Mutual Fund Synopsis
Mutual Funds are a type of collective investment scheme registered with the Securities and Exchange Commission in the United States. Unlike ETFs, mutual funds do not have to be traded on an exchange, but do have to provide daily liquidity. Mutual funds are typically actively-managed, open-ended funds, meaning they have a professional investment manager who picks which investments to make and can continuously issue new shares for their fund.

Index Calculation
Funds are chosen based on their Greenwich Value Score, a quantitative ranking system which utilizes nine performance and risk management factors. The Greenwich Value Score balances high performance with minimized investment risk and low correlation to traditional alternative investment products to provide a list of top ranking, risk adjusted funds. Once funds are selected, their performances are averaged together to create the Index's return giving each fund equal weighting within the Index. Returns are published on following day and all daily returns for the given month are finalized on the third business day of the following month. At the start of each year the GAI Focus Mutual Fund Hedge Fund Global Index is rebalanced to match the strategy composition of the Greenwich Global Hedge Fund Index. For more information on the creation of the GAIMF Indices please download our Index Methodology.

Index Licensing and Subscriptions
The GAI MF HF are available for performance attribution or product creation through licensing agreements. For more information on licensing agreements or creating an SMA please visit the Index Licensing page or contact Greenwich Alternative Investments via email, This email address is being protected from spambots. You need JavaScript enabled to view it.,">This email address is being protected from spambots. You need JavaScript enabled to view it., or phone, +1.203.487.6180.