HFR unveils Asian indicies

Hedge Fund Research Inc. today introduced five new indices to track hedge fund performance in Asian markets. The new indices consider hedge fund performance across different economic areas in Asia, providing coverage on emerging and developed economies. Funds maintaining direct exposure to Asia manage more than $300 billion. Three indices track hedge funds according to regional economies. On one end of the spectrum, the HFRX Japan Index aims for a reflection of the hedge fund universe within the developed Asian economy, while the HFRX Asia ex-Japan Index looks at funds in emerging economies in the region. The HFRX Asia with Japan Index handles Pan-Asian exposure, combining both aspects of the regional economy. Both the Asia Equal Weighted and the Asia Composite Indices also cover the entire region. The former handles hedge fund performance using the first three indices, while the latter is representative of the entire regional distribution of capital. All five indices will be rebalanced quarterly.