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.

2017 Constituents / Index Methodology / Index Committee

2017 Constituents

  • Andurand Capital
  • Edesia Asset Management (Alpha Fund)
  • PIMCO Commodity Alpha Master Fund
  • Madava Energy Commodity Master Fund
  • Frere Hall Capital Management (Master Fund)
  • BBL Commodities *
  • Armajaro Asset Management (CC+ Fund)
  • Lubben Capital Management
  • Duet Asset Management (Commodity Fund) **
  • Aventis Asset Management (Diversified Commodity Strategy)
  • Blenheim Commodities Only Program
  • Ospraie Commodity Fund LP *
  • RCMA Asset Management (Merchant Commodity Fund)
  • Saugatuck Energy (Natural Resources Strategy) *
  • Orion Commodities Fund LP *

* New constituent in 2017
** Fund closed in June 2017

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

  • Caroline Abramo (Bloomberg)
  • Galen Burghardt (Bridge Alternatives)
  • Ryan Duncan (Bridge Alternatives)
  • Isabelle Lixi (Bridge Alternatives)
  • Nick Mitsiou (LGT Capital Partners)
  • Ermenio Schettino (Falcon Money Management)
  • Arvin Soh (GAM)
  • Chris Solarz (Cliffwater)
  • Sol Waksman (Barclay Hedge)
  • Brian Walls (Bridge Alternatives)

BRIDGE ALTERNATIVES INSTITUTIONAL FUTURES INDEX

The Bridge Alternatives Institutional Futures Index provides a benchmark for diversified investment strategies that do not charge incentive fees. The index tracks a growing segment of the alternatives industry and was constructed in direct response to institutional investor demand. Constituents are the five largest managers (ranked by strategy assets under management) who are both open for investment and able to provide daily data. Performance is reported net of fees on a daily basis. The index is equally weighted and is rebalanced and reconstituted on an annual basis.
The most recent performance may be estimated and subject to revision.

2017 Constituents / Index Methodology / Index Committee

2017 Constituents

  • AlphaSimplex Group, LLC (Managed Futures Strategy)
  • Crabel Capital Management, LLC (AlphaTerra Advanced Trend)
  • Graham Capital Management (Tactical Trend)
  • GSA Capital Partners LLP (Trend Fund)
  • PIMCO (TRENDS Managed Futures Strategy Fund)

Index Methodology

  • Inclusion criteria:
    1. Must trade a diversified portfolio of futures and/or foreign exchange
    2. Must offer a management-fee-only share class
    3. Must be open to new investment
    4. Must report daily estimated performance
  • Largest five (5) managers by strategy assets under management (USD) who meet the style definition (index committee’s discretion)
  • Index performance is reported on a daily basis
  • The index is equally weighted
  • 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)
  • Chris Kennedy (Bridge Alternatives)
  • Daniel MacDonald
  • Chris Mates (Liquid Capital Securities)
  • John Rowsell (Canyon Road Capital)
  • Sol Waksman (Barclay Hedge)
  • Brian Walls (Bridge Alternatives)