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The debate continues...

While questions continue to be asked about the relevance of hedge fund indices to this market, there is no doubt they provide a useful framework for analysing and organising information

Following the growth of hedge funds over the past decade, several index providershave responded by introducing products designed to measure and analyse this market.

The role and effectiveness of these indices is hotly debated throughout the industry.In particular, whether hedge fund indices can be used as performance benchmarks,when hedge funds generally aim for absolute, rather than relative

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