The UCITS HFS Index was the first index created in order to provide a performance overview of all hedge and absolute return funds that are UCITS compliant and went live at the beginning of 2010. Since then all UCITS funds that apply strategies normally used in hedge funds (or make strategic use of derivatives) are tracked that have more than EUR 10 million of assets under management and offer at least weekly liquidity. The UCITS HFS Index pioneered the way how information about UCITS alternative funds is aggregated and currently tracks over EUR 200 billion of assets under management.
Index Provider: 2n20.com AG
Founded in 2009, the Pfaeffikon-based Swiss 2n20.com AG is a financial service provider specialized in internet based services tailored for the hedge fund industry. It launched the first index family for hedge funds in UCITS wrapper – the UCITS HFS Index family – and acts as index provider in this regard. 2n20.com provides institutional investors with information via its databases and newsletters and offers investable products on and licensing of its indices. Furthermore 2n20.com offers institutional money managers a price comparison and negotiation service in order to optimize their service provider relationships or setup new fund structures via its Negotiato.rs platform.
The UCITS HFS Index universe consists of all UCITS compliant funds that apply strategies normally used in hedge funds (or make strategic use of derivatives) and have more than EUR 10 million of assets under management, offer at least weekly liquidity and have reported numbers for more than one month. Index tracking funds, long-only and 130/30 strategies are excluded. The index is equally weighted, is adjusted on a quarterly basis and publishes monthly values as well as indicative values on each Friday of each month. For detailed information please have a look at the Index Guideline