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MSCI To Launch Investable Hedge Fund Index

by Philip Morton, Investors Offshore.com

02 July 2003

It emerged this week that MSCI and Lyxor Asset Management are set to launch a new investable hedge fund index which can be used as the basis for a range of index-linked financial products, including funds, derivatives, and structured products.

According to a joint statement released on Monday:

'The MSCI Hedge Invest Index will consist of a diverse sample of hedge fund strategies and will contain funds that have weekly liquidity. The index will be constructed and maintained by MSCI according to the MSCI Investable Hedge Fund Index Methodology, using eligible funds from the Lyxor Platform.'

'Lyxor will be responsible for selecting and conducting due diligence on the funds on the platform, for monitoring the investment mandate of each hedge fund manager and for providing valuations on individual funds.'

The MSCI Hedge Invest Index, which will be separate from the firm's existing hedge fund indices and fund database, is expected to launch later this summer.

 

 






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