Alternative investments scorecard

Sources: The Burgiss Group, LLC (Burgiss), © 2022 – Morningstar Direct, All Rights Reserved1, and Wells Fargo Investment Institute, as of March 31, 2022. YOY = year over year. For illustrative purposes only. Index returns do not represent investment returns or the results of actual trading nor are they forecasts of expected gains or losses a fund might experience. Index returns do not represent investment performance. Index returns reflect general market results, assume the reinvestment of dividends and other distributions, and do not reflect deduction for fees, expenses or taxes applicable to an actual investment. Unlike most asset class indexes, HFR Index returns reflect deduction for fees. Because the HFR indexes are calculated based on information that is voluntarily provided actual returns may be lower than those reported. An index is unmanaged and not available for direct investment. Past performance is no guarantee of future results. See following pages for index definitions. The Cambridge Index uses a horizon calculation based on data compiled from more than 1,400 institutional-quality buyout, growth equity, private equity energy, and subordinated capital funds formed between 1986 and 2021. The funds included in the index report their performance voluntarily and therefore the index may reflect a bias towards funds with records of success. See “Index Definitions and Asset Class Risk Disclosures” link above for more information on the limitations of utilizing this Index.

1 All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Key Takeaways

  • Hedge fund performance in the past three years has exceeded our expectations based on the Capital Market Assumptions, especially Equity Hedge and Event Driven strategies.