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Go to Press Release from Greenwich-Van Global Hedge Fund Index ».
The Greenwich-Van Global Hedge Fund Index preliminarly reported returns of 0.10percentt in February.
Morgan Stanley Capital International, a unit of Morgan Stanley Dean Witter, is also planning a hedge fund index.
The Lipper utility fund index fell about 1percentt in the quarter and was down more than 20percentt for the year.
The Credit Suisse First Boston/Tremont hedge fund index, which is weighted by the size of each fund, is up 2.13percentt over the same period.
In some ways, funds that track a hedge fund index resemble the stock index funds offered by many mutual fund companies.
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Other companies are already offering investments that track their hedge fund indexes.
So hedge fund indexes are made up of hedge funds self-reporting their returns.
This fund indexes the Russell 3000, so you get the whole market".
The performance of hedge funds, as measured by the HFRI hedge-fund index, was greatly understated.
Last year the hedge-fund index compiled by CSFB-Tremont was up by 4.4%.
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