FTSE Launches Investible Hedge Fund Index

by Carla Johnson, Investors Offshore. com

03 August 2004

The FTSE Group has announced the launch of its new investible hedge fund index, FTSE Hedge, which comprises forty hedge funds across a wide spectrum covering the major strategies.

According to the group, FTSE Hedge can be invested in directly via a Fund of Funds platform, managed by MSS Fund Management Limited, named FTSEhx.

A range of further financial products based on FTSE Hedge is expected to be launched by leading global institutions in the coming months.

It is anticipated that the value of the index will be calculated on August 31, according to reports.

Mark Makepeace, Chief Executive, FTSE Group stated: “FTSE Hedge is an investible index which provides the transparency needed by global investors seeking to access the hedge fund asset class. The early success of the index is a strong indicator that it’s been well received by the market.”

The FTSE Group manages and calculates a number of indices worldwide, including the FTSE Global Equity Index series, the FTSE All-World Index, the FTSE4Good series and the recently launched Global Small Cap Index Series in addition to the benchmark FTSE 100 index.

The company has collaborative arrangements with exchanges in, Athens, Cyprus, Johannesburg, Luxembourg, and Madrid as well as with AMEX, Euronext, the Nikkei of Japan and the Xinhua Financial Network of China.

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