Sources and Methodology

May 20, 2020

Overview

Hedge Fund figures calculated using monthly returns data. Buyout Fund and Venture Capital figures represent Internal Rate of Return (IRR). Quarterly Index created using monthly and quarterly returns data.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance, © 2020 Verizon Media. All rights reserved.)

Vanguard Balanced Portfolio (60/40): Vanguard Balanced Index Fund Admiral Shares (VBIAX) (Vanguard, © 1995–2020 The Vanguard Group, Inc. All rights reserved.)

Preqin: Hedge Fund Benchmarks (North America – All Strategies) and PrEQIn Index (Venture and Buyout) (Preqin)

PitchBook: Private Markets Benchmarks (PitchBook Data, © 2020 by PitchBook Data, Inc. All rights reserved.)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates, © 2020 Cambridge Associates LLC. All rights reserved.)

BarclayHedge: Barclay Hedge Fund Index (Backstop BarclayHedge, © 2020 Backstop Solutions Group, LLC. All rights reserved.)

Eurekahedge: Eurekahedge Equal Weighted Hedge Fund Index (Eurekahedge, © Eurekahedge 2005 – 2020, All rights reserved.)

Hedge Fund Research: HFRI Fund Weighted Composite Index (Hedge Fund Research, © 2020 Hedge Fund Research, Inc. All rights reserved.)

 

Hedge Funds

Figures calculated using monthly returns data.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

Vanguard Balanced Portfolio (60/40): Vanguard Balanced Index Fund Admiral Shares (VBIAX) (Vanguard)

Preqin: Hedge Fund Benchmarks (North America – All Strategies) and PrEQIn Index (Venture and Buyout) (Preqin)

BarclayHedge: Barclay Hedge Fund Index (Backstop BarclayHedge)

Eurekahedge: Eurekahedge Equal Weighted Hedge Fund Index (Eurekahedge)

Hedge Fund Research: HFRI Fund Weighted Composite Index (Hedge Fund Research)

 

Buyout Funds

Horizon Pooled Internal Rates of Return (IRR). All figures annualized.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

PitchBook: Private Markets Benchmarks (PitchBook Data)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates)

 

Venture Capital

Horizon Pooled Internal Rates of Return (IRR). All figures annualized.

Sources

S&P 500 Total Return: S&P 500 (TR) (^SP500TR) Historical Data (Yahoo Finance)

PitchBook: Private Markets Benchmarks (PitchBook Data)

Cambridge Associates: US Venture Capital and Private Equity Index and Selected Benchmark Statistics (Cambridge Associates)