Morgan Stanley Capital International (MSCI) has launched a hedge fund index that splits into sub-indices for various strategies.
The MSCI Hedge Fund Composite Index includes more than 90 indices calculated monthly from a list of 350 hedge funds. This is supported by a database of more than 750 hedge funds and an internet-based analytical tool.
The indices are calculated on a two-tier basis, with three primary characteristics and three secondary characteristics. The primary characteristics are asse