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Albourne’s Indices span the alternatives liquidity spectrum and can be used by clients as a benchmark, as a true representation of the performance of the overall industry, for strategy comparisons, and as factors.
Albourne’s Alternative Risk Premia Indices: AltERS, are composite indices of Alternative Risk Premia products which reflect the investment experience in a particular alternative risk premium or asset class. Currently there are 20 alternative risk premia covering Value, Carry, Trend, and Volatility, each offering daily pricing and (usually) daily liquidity.
Albourne’s Hedge Fund Indices: HedgeRS, have a starting date of January 2002. Historically the indices have included more than 6500 funds. Hedge Fund Indices cover 40 strategies which fall under 6 super strategies. Fund of Fund Super Strategies are not included in the creation of the indices. There are two universal indices, equal-weighted and asset-weighted.
Albourne's Private Market Indices: PriMaRS, measure the performance of the private market space, stratified by strategy, region, and vintage. Albourne’s clients can use Private Market Indices to benchmark cash flows against a pool of same strategy and vintage funds, and to evaluate the opportunity set in order to make strategic asset allocation decisions.
3Q 2025 | YTD | 1Y | 3Y | 5Y | 10Y | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Private Markets | ||||||||||
| Albourne AW Private Markets Index (USD) |
2.41%
|
9.43%
|
6.81%
|
7.18%
|
11.66%
|
11.79%
| ||||
| PriMaRS World Composite PME Index |
5.40%
|
15.32%
|
12.48%
|
18.18%
|
10.61%
|
9.47%
| ||||
| Albourne AW Asia Private Markets Index (USD) |
2.99%
|
10.16%
|
5.80%
|
5.42%
|
7.36%
|
10.12%
| ||||
| Albourne AW Europe Private Markets Index (USD) |
1.25%
|
15.80%
|
8.84%
|
11.31%
|
11.44%
|
13.01%
| ||||
| Albourne AW North America Private Markets Index (USD) |
2.71%
|
7.53%
|
6.16%
|
6.14%
|
12.46%
|
12.01%
| ||||
| Private Equity | ||||||||||
| Albourne AW Private Equity Index (USD) |
2.99%
|
10.13%
|
7.85%
|
7.56%
|
12.83%
|
14.33%
| ||||
| MSCI AC World TR Gross |
7.74%
|
18.86%
|
17.80%
|
23.70%
|
14.07%
|
12.47%
| ||||
| Albourne AW Asia Private Equity Index (USD) |
3.21%
|
10.68%
|
6.95%
|
5.27%
|
7.58%
|
10.85%
| ||||
| Albourne AW Europe Private Equity Index (USD) |
1.47%
|
15.21%
|
9.94%
|
12.42%
|
14.00%
|
15.87%
| ||||
| Albourne AW North America Private Equity Index (USD) |
3.36%
|
8.63%
|
7.24%
|
6.66%
|
13.54%
|
14.66%
| ||||
| Buy-Outs/Growth | ||||||||||
| Albourne AW Buy-Outs/Growth Index (USD) |
2.09%
|
7.76%
|
5.24%
|
7.82%
|
12.83%
|
14.03%
| ||||
| Albourne AW Asia Buy-Outs/Growth Index (USD) |
2.55%
|
7.84%
|
3.53%
|
6.05%
|
7.30%
|
9.51%
| ||||
| Albourne AW Europe Buy-Outs/Growth Index (USD) |
1.44%
|
15.25%
|
9.91%
|
12.50%
|
13.90%
|
15.55%
| ||||
| Albourne AW North America Buy-Outs/Growth Index (USD) |
2.25%
|
5.21%
|
3.81%
|
6.55%
|
13.32%
|
14.43%
| ||||
| Middle Market Buy-Outs | ||||||||||
| Albourne AW Middle Market Buy-Outs Index (USD) |
1.73%
|
6.50%
|
4.07%
|
7.72%
|
13.12%
|
14.11%
| ||||
| Small Market Buy-Outs | ||||||||||
| Albourne AW Small Market Buy-Outs Index (USD) |
2.56%
|
13.24%
|
10.79%
|
10.87%
|
18.38%
|
19.00%
| ||||
| Growth (PE) | ||||||||||
| Albourne AW Growth (PE) Index (USD) |
3.11%
|
10.82%
|
6.94%
|
6.39%
|
11.28%
|
14.58%
| ||||
| Venture Capital | ||||||||||
| Albourne AW Venture Capital Index (USD) |
6.93%
|
21.22%
|
20.46%
|
6.45%
|
12.85%
|
15.71%
| ||||
| Albourne AW North America Venture Capital Index (USD) |
7.65%
|
23.25%
|
22.35%
|
7.10%
|
14.42%
|
15.59%
| ||||
| Early Stage Venture Capital | ||||||||||
| Albourne AW Early Stage Venture Capital Index (USD) |
7.33%
|
24.64%
|
21.83%
|
7.09%
|
14.73%
|
16.87%
| ||||
| Albourne AW North America Early Stage Venture Capital Index (USD) |
8.32%
|
27.60%
|
25.94%
|
8.69%
|
17.27%
|
17.65%
| ||||
| Private Credit | ||||||||||
| Albourne AW Private Credit Index (USD) |
1.95%
|
9.29%
|
6.81%
|
8.80%
|
9.53%
|
8.36%
| ||||
| ICE BofAML Global HY |
2.48%
|
9.52%
|
8.27%
|
12.62%
|
4.77%
|
5.70%
| ||||
| Albourne AW Europe Private Credit Index (USD) |
2.86%
|
18.24%
|
8.79%
|
10.59%
|
7.23%
|
7.72%
| ||||
| Albourne AW North America Private Credit Index (USD) |
1.61%
|
6.19%
|
5.75%
|
7.92%
|
10.23%
|
8.30%
| ||||
| Private Lending | ||||||||||
| Albourne AW Private Lending Index (USD) |
2.21%
|
11.69%
|
7.90%
|
10.27%
|
9.11%
|
8.55%
| ||||
| Albourne AW North America Private Lending Index (USD) |
1.46%
|
6.71%
|
6.36%
|
8.84%
|
9.60%
|
8.41%
| ||||
| Senior Debt | ||||||||||
| Albourne AW Senior Debt Index (USD) |
2.11%
|
12.22%
|
8.72%
|
10.14%
|
8.33%
|
7.76%
| ||||
| Distressed, Stressed & Special Situations | ||||||||||
| Albourne AW Distressed, Stressed & Special Situations Index (USD) |
1.67%
|
5.57%
|
5.29%
|
7.90%
|
10.93%
|
8.24%
| ||||
| Albourne AW North America Distressed, Stressed & Special Situations Index (USD) |
1.46%
|
3.15%
|
3.79%
|
7.54%
|
11.60%
|
8.30%
| ||||
| Real Estate | ||||||||||
| Albourne AW Real Estate Index (USD) |
0.53%
|
3.83%
|
0.24%
|
0.01%
|
6.14%
|
6.84%
| ||||
| FTSE EPRA/NAREIT Developed TR |
4.31%
|
11.26%
|
0.74%
|
10.45%
|
6.54%
|
4.75%
| ||||
| Albourne AW North America Real Estate Index (USD) |
0.64%
|
2.41%
|
0.69%
|
-0.86%
|
7.17%
|
7.70%
| ||||
| Real Estate Equity & Credit Value-Added | ||||||||||
| Albourne AW Real Estate Equity & Credit Value-Added Index (USD) |
0.90%
|
5.20%
|
2.39%
|
-1.14%
|
3.82%
|
6.25%
| ||||
| Albourne AW North America Real Estate Equity & Credit Value-Added Index (USD) |
1.18%
|
2.94%
|
1.27%
|
-3.53%
|
3.96%
|
6.68%
| ||||
| Real Estate Equity & Credit Opportunistic | ||||||||||
| Albourne AW Real Estate Equity & Credit Opportunistic Index (USD) |
0.44%
|
3.46%
|
-0.40%
|
0.29%
|
6.85%
|
7.00%
| ||||
| Albourne AW North America Real Estate Equity & Credit Opportunistic Index (USD) |
0.49%
|
2.22%
|
0.44%
|
0.02%
|
8.39%
|
8.03%
| ||||
| Real Estate Equity | ||||||||||
| Albourne AW Real Estate Equity Index (USD) |
0.20%
|
2.90%
|
-0.88%
|
-0.88%
|
5.80%
|
6.67%
| ||||
| Albourne AW Europe Real Estate Equity Index (USD) |
-0.89%
|
16.22%
|
4.35%
|
1.84%
|
2.39%
|
6.08%
| ||||
| Albourne AW North America Real Estate Equity Index (USD) |
0.28%
|
0.91%
|
-0.81%
|
-2.44%
|
6.34%
|
7.63%
| ||||
| Real Estate Equity Value-Added | ||||||||||
| Albourne AW Real Estate Equity Value-Added Index (USD) |
0.46%
|
3.71%
|
1.06%
|
-3.20%
|
3.05%
|
6.24%
| ||||
| Albourne AW North America Real Estate Equity Value-Added Index (USD) |
1.06%
|
1.66%
|
0.12%
|
-5.15%
|
3.42%
|
6.74%
| ||||
| Real Estate Equity Opportunistic | ||||||||||
| Albourne AW Real Estate Equity Opportunistic Index (USD) |
0.14%
|
2.69%
|
-1.49%
|
-0.27%
|
6.63%
|
6.78%
| ||||
| Albourne AW North America Real Estate Equity Opportunistic Index (USD) |
0.01%
|
0.57%
|
-1.30%
|
-1.52%
|
7.61%
|
8.00%
| ||||
| Real Estate Credit | ||||||||||
| Albourne AW Real Estate Credit Index (USD) |
2.13%
|
8.30%
|
5.72%
|
4.17%
|
7.56%
|
7.51%
| ||||
| Albourne AW North America Real Estate Credit Index (USD) |
2.05%
|
8.17%
|
6.44%
|
5.15%
|
9.83%
|
7.87%
| ||||
| Real Estate Credit Opportunistic | ||||||||||
| Albourne AW Real Estate Credit Opportunistic Index (USD) |
1.90%
|
7.21%
|
4.96%
|
2.92%
|
7.77%
|
7.83%
| ||||
| Real Assets | ||||||||||
| Albourne AW Real Assets Index (USD) |
2.00%
|
10.85%
|
7.11%
|
8.70%
|
11.89%
|
9.04%
| ||||
| DJ Brookfield Global Infrastructure TR |
1.69%
|
14.05%
|
10.51%
|
12.82%
|
9.49%
|
7.65%
| ||||
| Albourne AW North America Real Assets Index (USD) |
2.34%
|
7.66%
|
5.28%
|
6.74%
|
12.84%
|
7.80%
| ||||
| Infrastructure | ||||||||||
| Albourne AW Infrastructure Index (USD) |
1.96%
|
10.86%
|
7.17%
|
9.10%
|
10.62%
|
10.43%
| ||||
| Natural Resources | ||||||||||
| Albourne AW Natural Resources Index (USD) |
2.07%
|
9.58%
|
5.32%
|
6.88%
|
17.33%
|
6.01%
| ||||
| Secondaries | ||||||||||
| Albourne AW Secondaries Index (USD) |
1.97%
|
9.33%
|
7.58%
|
6.89%
|
14.59%
|
12.00%
| ||||
| Buy-Outs/Growth Secondaries | ||||||||||
| Albourne AW Buy-Outs/Growth Secondaries Index (USD) |
1.85%
|
8.71%
|
6.84%
|
6.32%
|
14.47%
|
11.84%
|
Strategy | Feb 2026 | Jan 2026 | YTD | 2025 | 2024 |
|---|---|---|---|---|---|
| HF Universal | 0.87% | 1.51% | 2.40% | 12.04% | 11.41% |
| Relative Value | 0.41% | 0.70% | 1.11% | 9.23% | 9.54% |
| Fundamental Equity MN | 0.17% | 0.18% | 0.35% | 13.38% | 12.49% |
| Quantitative Equity MN | 0.80% | 0.01% | 0.81% | 12.46% | 11.12% |
| Statistical Arbitrage | 0.40% | -2.17% | -1.78% | 9.47% | 11.79% |
| CB Arbitrage | -0.08% | 2.58% | 2.50% | 14.87% | 12.28% |
| Volatility Arbitrage | 1.57% | 0.88% | 2.47% | 5.33% | 4.69% |
| Fixed Income Arbitrage | 0.48% | 0.87% | 1.35% | 8.67% | 7.00% |
| Structured Credit - Relative Value | -0.38% | 1.45% | 1.06% | 7.46% | 9.28% |
| Commodities - Relative Value | 2.35% | -5.45% | -3.23% | -4.08% | 1.52% |
| Relative Value Credit | 0.54% | 1.17% | 1.72% | 6.91% | 8.92% |
| Multi-Strategy - Relative Value | 0.31% | 0.98% | 1.30% | 7.87% | 9.98% |
| Event Driven | 0.23% | 0.50% | 0.73% | 11.76% | 11.69% |
| Distressed / Restructuring | 0.38% | 0.45% | 0.84% | 5.73% | 10.96% |
| Emerging Market Fixed Income | 0.25% | 3.89% | 4.15% | 14.61% | 28.51% |
| Risk Arbitrage | 0.11% | 0.64% | 0.76% | 10.25% | 5.36% |
| Activist | 0.54% | -0.11% | 0.43% | 19.46% | 11.85% |
| Multi-Strategy - Event Driven | -0.08% | 0.72% | 0.63% | 10.06% | 10.29% |
| Equity L/S | 1.46% | 2.18% | 3.67% | 18.11% | 14.87% |
| Asia Pacific Long / Short | 4.34% | 9.24% | 13.99% | 23.34% | 22.12% |
| European Long / Short | 1.78% | 3.52% | 5.37% | 19.34% | 11.77% |
| Global Long / Short | -0.04% | 1.77% | 1.72% | 15.57% | 15.87% |
| Japan Long / Short | 8.46% | 2.31% | 10.96% | 19.93% | 9.88% |
| US Long / Short | 0.77% | 1.16% | 1.94% | 8.78% | 12.60% |
| Emerging Markets Long / Short | -1.08% | 4.27% | 3.14% | 19.86% | 2.39% |
| Sector Healthcare | 3.59% | -1.75% | 1.77% | 37.27% | 8.48% |
| Sector Commodity | 8.58% | 8.39% | 17.69% | 30.09% | 4.02% |
| Sector Financial | -1.59% | 4.87% | 3.21% | 24.36% | 22.84% |
| Sector Real Estate | 5.78% | ||||
| Sector Technology | -1.39% | 0.45% | -0.95% | 15.43% | 22.76% |
| Sector Energy | 3.19% | 3.91% | 7.22% | 8.35% | 11.44% |
| Multi-Strategy - Equity L/S | 2.15% | 2.89% | 5.10% | 12.10% | 13.78% |
| Directional | 1.09% | 2.89% | 4.01% | 7.71% | 6.39% |
| Global Macro | 0.48% | 4.05% | 4.55% | 12.63% | 10.21% |
| Emerging Market Macro | 2.81% | 4.96% | 7.91% | 12.66% | 12.33% |
| Commodities - Directional | 0.28% | 1.06% | 1.34% | -0.73% | 10.69% |
| CTA | 2.78% | 3.97% | 6.86% | 0.85% | 1.31% |
| Global Asset Allocation | 0.18% | 0.51% | 0.69% | 8.86% | 6.65% |
| Tail Hedge | 0.94% | 0.75% | 1.71% | 0.50% | -0.84% |
| Multi-Strategy | 1.19% | 1.46% | 2.67% | 12.53% | 14.04% |
| Multi-Strategy - Diversified | 1.02% | 1.31% | 2.34% | 12.58% | 14.03% |
| Multi-Strategy Opportunistic | 3.53% | 3.18% | 6.83% | 12.44% | 14.31% |
| Long Biased | 0.37% | 0.70% | 1.07% | 12.36% | 14.38% |
| Direct Lending | 0.56% | 0.55% | 1.11% | 6.67% | 9.04% |
| Insurance | 0.34% | 0.78% | 1.11% | 15.75% | 17.79% |