NilssonHedge is offering a hedge fund database with a focus on quantitative and discretionary CTAs/Managed Futures managers, delivered as an aggregated, crowdsourced and highly transparent database for the use of fund managers, allocators, and academics. All of which are presumed to be qualified purchasers or equivalent. The database is generally updated weekly, on Sundays. Note, all returns in the database are quoted both on an excess returns basis and a total return basis, that is returns that are above the prevailing interest rate risk as well as returns available to fully funded investors.
Currently, the database is distributed in a raw CSV format. There will be additionally customized analytics available at a later stage.
The database spider scans a large number of public internet sources. NilssonHedge only displays information that is (or has historically been) in the public domain.
Performance is aggregated across sources, manager, and programs. This is based on a manual process where different performance streams are mapped together based on returns.
Managers reporting multiple share classes, with the same leverage are usually aggregated into one entity. The average performance is more informative in the general case. For an actual investor, the share class performance is more important. Share Class Performance is generally not shown in the database.
Manager with multiple programs are aggregated into one composite, currently based on return similarity. Future developments will include asset-weighted composites. This allows an analyst or portfolio manager to track the success of an individual firm.
The database does in some cases contain hypothetical or proprietary track-records. More than usual skepticism should be applied to those. Managers that displays track-records without asset under management should be assumed to be hypothetical. The CFTC disclaimer for hypothetical performance applies.
Separate subsets of the database will be available, depending on the manager classification.
Data is no shortcut for a proper Due Diligence. Before investing with a particular hedge fund, ensure that you have a proper understanding of the risks.
For the foreseeable future, the database will remain freely available. Depending on commercial decisions taken by NilssonHedge that may change in the future. Users that have signed up for the current distribution will be given favorable pricing.
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