Van Investable Hedge Fund Index Returns Gain In February

by Carla Johnson, Investors Offshore.com

30 March 2005

The Van International Investable Index reported a positive return of 1.3% for the month of February, Van Hedge Fund Advisors International has announced.

The Van Investable Index, or ‘VI3’ is comprised of 45 funds and is designed to track the broad Van International Hedge Fund Index (VIHFI).

As hedge funds delivered broad-based returns in February, Van reported that all four of its strategy group indices were positive.

The Specialty Strategies Group performed best, netting a 2.4% gain in February. The Long/Short Equity Group followed closely with a 1.9% net return while the Directional Trading Group returned 1.6% and the Market Neutral Group produced a gain of 0.9%.

According to Van, the VI3 provides access to the broadest selection of hedge funds by minimizing the constraints it places on candidate funds. This allows the index to select managers that will most likely collectively reproduce the performance of the VIHFI. This process also allows the Investable Index to minimize negative selection bias in order to produce superior absolute returns.

Meanwhile, the VIHFI has reported a preliminary return for the February of 1.6%.

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