HedgeFund.net has unveiled a tool allowing investors to sort and rank hedge funds based on a variety of factors.
The HFN Multi-Factor Model will let investors screen the HFN database of more than 8,300 hedge funds, funds of hedge funds, commodity trading advisers and managed futures funds. The tool allows subscribers to change factor weightings, fund inception time horizons and assets under management.
Users can vary the weightings of fund performance, risk-adjusted performance, downside volatility and historical maximum loss to their needs.
“The Multi-Factor Ranking tool enables investors to narrow their search for hedge funds which historically have matched their preferred risk and return characteristics,” Donald Cacciapaglia, CEO of HFN, said. “The combination of this powerful tool with the world’s largest and most current hedge fund database provides HFN subscribers an unparalleled advantage.”
Only funds with at least $15 million in assets and 12 months of performance history will be included in the model. Rankings will be updated on the first of each month.