Morgan Stanley Capital International today launched a series of more than 90 separate hedge fund indexes, grouped according to investment processes, asset classes and geographic areas, according to a news release. The individual indexes can be grouped into composite indexes based on shared strategies, and combined into an overall composite index. The indexes include 350 hedge funds, picked from a database of 750. Khalid Ghayur, MSCI global head of research, said the indexes are constructed to give an idea of performance over time and to provide a peer group comparison.
To be eligible for inclusion in the index, hedge funds must have at least $15 million in assets under management and report performance data monthly.