Part of the Morningstar® Alternative Investment Index family, the Morningstar® Hedge Fund family includes indexes for benchmarking and passive investing in hedge funds. These indexes draw from the data available on the thousands of hedge funds covered in the Morningstar database.
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 captures the performance of the most investable portion of the hedge fund industry and represents 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.