Hedge Fund Research launched a new hedge fund-of-funds directory and database, as well as four indexes based on that database, said Josh Rosenberg, president. The directory, database and indexes are available to subscribers of the larger HFR hedge fund database, and separately for those interested only in funds of funds. The indexes are conservative, market defensive, diversified and strategic. The database includes some 470 hedge funds of funds, Mr. Rosenberg said. Definitions for each of the indexes, as well as more information about the database and directory, can be found at www.hedgefundresearch.com.