From the menu choose "New," then "Advanced Search," then "Hedge Fund".
To screen by strategy search by "Morningstar Category."
Alpha Institutional Investor has several rankings of hedge funds. Click on Research & Rankings and choose from available rankings such as The Hedge Fund 100. For access, please see staff at the reference desk in Baker Library. Individuals have to be logged in by staff.
See also the Baker Library Research Guide on Hedge Funds.