1. A method, comprising: identifying, by a computing device, potential funds of hedge funds for an index of funds of hedge funds from at least one data store; identifying, by the computing device, which of the potential funds of hedge funds from the at least one data store meet at least one specific criterion to minimize at least one of selection bias or survivorship bias; creating, by the computing device, the index by indexing funds of hedge funds identified as meeting the at least one specific criterion; constructing, by the computing device, a portfolio of the funds of hedge funds in the index; and allocating, by the computing device, capital to the funds of hedge funds in the portfolio.