Indices do not provide the overall picture

Hedge fund indices are limited in their use to investors, according to Jamie Murray, head of marketing at HSBC Republic Investments.

While hedge fund indices can provide a basic picture, they face complications which make their data difficult to compare, he told the Alternative Investment Summit in London in March.

There are data collation problems faced by all hedge fund index providers. Not all hedge funds provide complete data, sometimes because they are closed or because they are suffering po