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By Benedicte Gravrand, Opalesque London: Global brokerage house Newedge has launched of a new range of absolute return indices covering Global Macro and Commodity Trading strategies.

The new set of indices will be published and maintained by Newedge’s Prime Brokerage Group in addition to the existing Newedge Volatility Trading Index (Newedge VTI, which was up +4.28% in 2008), and will contain the following headline strategy indices:

- Newedge Macro Trading Index (Newedge MTI) - Newedge Commodity Trading Index (Newedge CTI).

There are currently approximately 90 constituents in Newedge CTI and 60 in Newedge MTI, according to James Skeggs, manager, Quantitative Analysis & Statistical Reporting for Newedge Prime Brokerage.

Newedge has also developed a group of strategy specific sub-indices for the above strategies including: Newedge MTI – Quantitative; Newedge MTI – Discretionary; Newedge CTI – Trading Strategies; Newedge CTI – Equity Strategies

The objective of the new indices is to accurately represent, on a strategy specific basis, the performance of all the trading strategies, whether available through onshore or offshore fund structures, or managed accounts that are reported to Newedge’s statistical reporting team.

Performance will be calculated using an equal weighted......................

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