Financial research firm Standard & Poor’s last week announced plans to launch a new Equity Long/Short Index.
According to the firm, the index expands out the five Equity Long/Short funds represented in the flagship S&P Hedge Fund Index, adding 19 funds for a broader, more representative single strategy index.
The S&P Equity Long/Short Index includes 24 funds screened for asset size, tenure, and style purity. The index includes two regional sub-indices: one with a U.S. focus and one with a Global-Ex-U.S. focus, each comprising 12 funds.
“Recently, significant trends in the world's economy have highlighted opportunities for equity long/short strategies, including the rise in commodity prices and the decline in the U.S. dollar," observed Justin Dew, senior hedge fund specialist at S&P.
"These trends, coupled with the bottom-up stock analysis approach employed by most long/short managers, could provide the basis for many trading opportunities going forward," he added.
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