The Morningstar Hedge Fund family—comprised of the Morningstar® Broad Hedge Fund Index and the Morningstar® NEXUS Hedge Fund Replication Index—combines the characteristics of more than 4,500 hedge funds from our database to allow for hedge fund benchmarking, as well as passive investing in hedge funds.
Morningstar® Broad Hedge Fund Index The Morningstar Broad Hedge Fund Index is a broad-based, non-investable hedge fund index containing more than 500 funds. The index itself seeks to capture the performance of the most investable portion of the hedge fund industry and includes hedge funds using a wide variety of trading strategies. The Morningstar Broad Hedge Fund Index serves as a benchmark for investors and is customized for replication.
and the Morningstar
