Bridge Alternatives Commodity Hedge Fund Index

The Bridge Alternatives Commodity Hedge Fund Index is designed as a benchmark to track the performance of the largest commodity-focused hedge funds. It is the first commodity hedge fund index to be transparent and to give an accurate representation of where assets are allocated within the commodity hedge fund space. Index performance is reported on a monthly basis and includes the largest 15 hedge fund managers by strategy assets under management. The index is rebalanced and reconstituted on an annual basis. The most recent month’s performance may be estimated and subject to revision.

2019 Constituents

  • PIMCO Commodity Alpha Master Fund
  • Andurand Capital
  • Frere Hall Capital Management (Master Fund)
  • Northlander Commodity Advisors
  • Orion Commodities Fund LP
  • JEM Commodity Relative Value Program
  • Lubben Capital Management
  • CoreCommodity Management (Absolute Return)
  • Massar Macro Commodity Fund, LP
  • Millburn Commodity Program
  • Ospraie Commodity Fund LP
  • Northern Trace Capital
  • Yannix Capital Management *
  • Arctic Blue Capital
  • Polar Star Fund Limited

* Ceased trading in September. Portfolio weight allocated to T-Bills for remainder of 2019.

Index Methodology

  • Style Definition: The index is comprised of hedge funds that chiefly employ a commodity-focused, long/short trading approach using commodity derivative instruments and/or physical products.
  • Largest fifteen (15) managers by strategy assets under management (USD) who meet the style definition (index committee’s discretion)
  • Index performance reported on a monthly basis
  • Equally and asset weighted return series
  • Rebalanced annually (January 1; using AUM as of 10/31)
  • Reconstituted annually (January 1; using AUM as of 10/31)

Index Committee

  • Galen Burghardt (Bridge Alternatives)
  • Ryan Duncan (Bridge Alternatives)
  • Tom Crescioli (Lockheed Martin Pension Plan)
  • Isabelle Lixi (Bridge Alternatives)
  • Jonathan Malawer (K2 Advisors)
  • Nick Mitsiou (LGT Capital Partners)
  • Ermenio Schettino (Falcon Money Management)
  • Arvin Soh (GAM)
  • Chris Solarz (Cliffwater)
  • Sol Waksman (Barclay Hedge)
  • Brian Walls (Bridge Alternatives)