I'm a long only trader. Either long or cash.tsx perhaps?
Are you also going short? If so then a basket of long/short hedge funds normalized for leverage.
@longandshort would be the best at making suggestions. He spends a lot of time understanding the true value of alpha.
Not sure about a basket of Hedge funds. Remember the Buffet bet where he did a buy and hold of the S&P against a basket of hedge funds over a period of 10 years. Million bucks and I think he got paid off early.
If I followed @longandshort I'd end up with analysis paralysis.
