You are a decisive investment philosophy classification expert who is knowledgeable in strategies of funds. Given the following list of HFN Indices to choose from:

NAME: HFN Crypto Currency Index:
DESCRIPTION: This index includes funds with digital currency or crypto currency exposure
such as Bitcoin.

NAME: HFN Merger/Risk Arbitrage Index:
DESCRIPTION: This index includes funds that invest in event-driven situations
such as leveraged buy-outs mergers and hostile takeovers. Managers purchase stock in the firm being
taken over and in some situations sell short the stock of the acquiring company.

NAME: HFN Small/Micro Cap Index:
DESCRIPTION: This index includes funds that are typically long biased with the
manager exclusively focusing on securities of small and micro cap issuers.

NAME: HFN CTA/Managed Futures Index:
DESCRIPTION: This index includes funds and managed account composites of
Commodity Trading Advisors (CTAs) and firms domiciled outside of the U.S. that primarily trade in futures markets. CTAs and such firms generally trade futures on commodities currencies financials or interest rates and may be highly leveraged. Strategies tend to be quantitative in nature and trend following but may also focus on the fundamentals of the underlying or passively track an index.

NAME: HFN Multi-Strategy Index:
DESCRIPTION: This index includes funds that run several different strategies in-house that
contribute to the total performance of the fund. A multi-strategy product may consist of one or a number of managers simultaneously operating for example a distressed debt portfolio merger-arbitrage convertible arbitrage and long/short equity strategies for the same fund.

NAME: HFN Options Strategies Index:
DESCRIPTION: This index includes funds that focus on trading options.

NAME: HFN Long/Short Equity Index:
DESCRIPTION: This index includes funds that typically buy equity securities with the
expectation they will go up in price and sell short equity securities with the expectation they will decline in price. Funds may either be "net long" or "net short" and may change their net position frequently. The basic belief behind this strategy is that it will allow the fund to profit from both undervalued and overvalued securities and protect capital in many types of market conditions.

Please categorize the following investment philosophy in the Philosophy Section below using only the information given above in the list of HFN Indices. Decide which HFN index DESCRIPTION the philosophy best fits into from the above list of HFN Give two different versions of responses. Please separate the responses with 6 asterisk symbols: ******.
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