Barclay Hedge Fund Index

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	YTD
2015	-0.10%	2.20%	0.42%	1.08%	0.81%	-1.09%	-0.55%	-2.50%	-1.69%	2.22%	0.22%	-0.86%	0.04%
2016	-2.99%	-0.35%	2.45%	1.03%	0.62%	-0.04%	2.04%	0.73%	0.89%	-0.31%	0.82%	1.14%	6.10%
2017	1.34%	1.11%	0.51%	0.59%	0.34%	0.37%	1.08%	0.63%	1.03%	1.08%	0.64%	1.15%	10.36%
2018	2.07%	-1.52%	-0.72%	0.45%	0.74%	-0.47%	0.62%	0.13%	-0.09%	-3.30%	-0.41%	-2.75%	-5.23%
2019	3.64%	1.25%	0.61%	1.15%	-1.72%	2.11%	0.48%	-0.96%	0.32%	0.71%	1.00%^§	1.76%^†	10.74%*

^†Estimated performance for December 2019 calculated with reported data from 2194 funds.
^§Estimated performance for November 2019 calculated with reported data from 3167 funds.
^*All estimates and 2019 YTD amounts are calculated with reported data as of January-17-2020 19:10 US CST.

About the Barclay Hedge Fund Index

The Barclay Hedge Fund Index is a measure of the average return of all hedge funds (excepting Funds of Funds) in the Barclay database. The index is simply the arithmetic average of the net returns of all the funds that have reported that month.

The Barclay Hedge Fund Index is recalculated and updated real-time on this page as soon as the monthly returns for the underlying funds are recorded. Only funds that provide us with net returns are included in the index calculation. The number of funds that are currently included in the calculations for the most recent months can be found in the footnotes above. Please note that the calculation for the number of funds is time-stamped and that the number of funds will continue to increase until all funds categorized within the sector have reported monthly returns.

About the Barclay Hedge Fund Index

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