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Article: FTSE GROUP TO LAUNCH HEDGE FUND INDEX IN APRIL.
- Article from:
- AsiaPulse News
- Article date:
- February 5, 2004
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(Full text of a statement. Contact details below.)
TOKYO, Feb. 5 PRNewswire-AsiaNet - The FTSE Group, the leading global index provider, will launch an index of hedge funds, named FTSE Hedge in April 2004.
The index is designed to bring more clarity to this asset class, and will allow investors to more easily understand and follow the performance of hedge funds. The FTSE will license fund managers to create funds based on the index, which will also be available in April.
FTSE Hedge will be calculated on a daily basis and will comprise a global index of 40 Hedge Funds, with a range of sub indices covering the major hedge fund strategies.
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