Legend of Key  Abbreviations / Terms

 

HFCI: Hedge Fund Consistency Index

  • Evaluates the long term and short term of how the fund has performed on a consistent reward basis.

PI: Prevailing Return Index

  • For the Lifetime of the Fund.

  • Each fund has to have a minimum of 10 years return to be on this index.

  • Funds with different length track records are included in the same ranking.

PI 10 Yr: Prevailing Return Index

  • For the Last 10 Years.

  • Each fund  has to have a minimum of 10 years return to be on this index

PI Rew to Risk: Prevailing Return Index .

  • Returns are for the lifetime of the fund.

  • Each fund has to have a minimum of 10 years return to be on this index.

  • Funds with different length track records are included in the same ranking.

 

10 Yr Rew to Risk : Prevailing Return Index.

  • Returns are For the Last 10 Years.

  • Maximum drawdown, however in this formula is for the lifetime of the fund even if it exceeds 10 years.

  • Each fund  has to have a minimum of 10 years return to be on this index.

 

CAGR: Compounded Annual Growth Rate

  • This is often referred to Annualized Return or Average Return.

 

10 Yr CAGR: 10 Year Compounded Annual Growth Rate

  • This is often referred to Annualized Return or Average Return.

3 Yr CAGR: 3 Year Compounded Annual Growth Rate

  • This is often referred to Annualized Return or Average Return.

Max Draw Down: Maximum Drawdown

  • This is the maximum drawdown of each fund during the lifetime of the fund.

  • Maximum drawdown describes the greatest peak to trough of the fund  based on month end return numbers.

  • A drawdown is determined by a decline and then measuring the decline at which point, the fund has first exceeded its previous high point.

  • The Maximum Drawdown is largest of all drawdowns.

 

Rew to Risk: CAGR / Maximum Drawdown

Formulas (Partial List) For Full list Click All Formulas

 

HFCI: Hedge Fund Consistency Index

The Hedge Fund Consistency Index (HFCI) for All Fund Categories. Index formula: ((return above 5% annualized return)/ Annualized Standard Deviation)+ (return above 5% return)/ Maximum Drawdown)+ (3 year annualized return above 5% return)/ Annualized Standard Deviation)+ (annualized above 5% return)/ Maximum Drawdown)) * ((# of months -36)/100)+1 .

PI: Prevailing Return Index for the Lifetime of the Fund.

Compound annual growth rate (CAGR) for the lifetime of the fund+ Last 3 Year’s CAGR

 

PI Rew to Risk : Prevailing Reward to Risk Index for the Lifetime of the Fund.

(The  Compound annual growth rate (i.e.CAGR) of the lifetime of the fund/Max Drawdown+ Last 3 Years CAGR)/Max Drawdown of the lifetime of the fund