Chicago Board Options Exchange (CBOE) has published a white paper that analyses the use of benchmarks, such as those utilised by the CBOE Eurekahedge Volatility Indexes, to measure the effectiveness of volatility-based hedge funds in diversified portfolios. In the paper to be presented at the 32nd annual CBOE Risk Management Conference (RMC) US in Bonita Springs, Florida, Christopher DeMeo, founding partner of Nu Paradigm Investment Partners LLC, notes that unlike other volatility-based hedge fund indexes, the new CBOE Eurekahedge Volatility Indexes differentiate funds by specific investment goals. Volatility strategies are distinct and non-homogeneous, making it critical to segregate them into categories...