For a number of years the EDHEC Risk and Asset Management Research Centre has been carrying out a comprehensive research programme in the area of hedge fund indices.

Since indices have to be representative, i.e. they should accurately reflect the whole universe of hedge funds following a particular style, EDHEC has proposed an original solution to the challenge of representativeness by introducing a set of alternative indices (known as the EDHEC Alternative Indexes), which can be thought of as the most representative possible portfolio of hedge fund returns for a given style, based on factor analysis of competing indices.

We are pleased to inform you that the EDHEC Alternative Indexes are now available on the worldwide Reuters platform. Those of you who have access to the Reuters platform will be able to display the indicators for the EDHEC Alternative Indexes by using the codes below.

     Reuters RIC Codes

     Convertible Arbitrage: CONARBEDH

     CTA: CTAGBLEDH

     Distressed Securities: DISSEUEDH

     Equity Market Neutral: EQMKNTEDH

     Event Driven: EVEDRNEDH

     Fixed Income Arbitrage: FXINAREDH

     Long/Short Strategy: LGSHEQEDH

     Merger Arbitrage: MERARBEDH

     Relative Value: RELVLUEDH

     Short Selling: SHTSELEDH

     Fund Of Funds: FDOFFDEDH

     Emerging Markets: EMGMKTEDH

     Global Macro: GBLMCREDH