HFN Launches New Ranking Product For Managed Futures & Hedge Funds
HFN Launches New Ranking Product
by Paula Schaap, Reporter
HedgeFund.net launched a new online tool that lets accredited investors rank hedge funds in its database using their own criteria.
The HFN Multi-Factor Ranking Model creates a relative ranking of hedge funds, funds-of-funds or CTA/Managed Futures products using four quantitative measures that can be weighted according to user needs. The four factors that users can adjust are fund performance, risk adjusted performance, downside volatility and historical maximum loss. The quantitative tool also allows users to set minimum fund inception time horizons and fund asset size.
"The ability to integrate this model with HFN's more than 8,300 funds is what is unique about this product," said Donald Cacciapaglia, HFN's chief executive officer.
Institutional and other accredited investors were consulted to determine what was most important to them when screening for fund products.
"In developing it, we found that there were a number of other interesting components that could be added," Cacciapaglia said. "So, over a longer horizon, we anticipate refining and enhancing this tool."
The Multi-Factor Ranking Model is available to HFN subscribers without additional charge.
