Getting hammered on this one every time so starting this sharing thread. Per schweser these are the indices we can use with others unknowns. 1. Mkt neutral equity Fund - RFR+ 2-3% spread 2. Plain vanilla Equity Fund - russell 3000 3. FI Fund - Merryll Lynch HIgh yield index. 4. FI Arbitrage Fund -??? 5. Global Macro Fund - ??? 6. Event Drive Fund - ??? 7. Long/Short Fund - ??? When to use alpha and sharpe?