Fri, Jun 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Benchmark Plus opens its HFRI Equity Long/Short Tracking Fund to outside investors

Thursday, September 20, 2012

amb
Mike Mikytuck
Bailey McCann, Opalesque New York:

Benchmark Plus Management, a private alternative investment firm with $1.6bn in assets under management, has begun accepting outside investors into its Benchmark Plus HFRI Equity HedgeTRAX fund. The fund is designed to track the HFRI Equity Hedge (Total) index, which represents roughly 1,400 equity long/short hedge fund managers. The fund is part of Benchmark's overall equity long/short sleeve, which has $211M in assets.

The fund is designed to provide institutional investors with broad-based exposure to the most widely recognized, but non-investable, equity long/short benchmark. Benchmark Plus utilizes its Real AlphaTM process to evaluate and replicate the index’s return drivers including betas, factors and alpha. From its inception in January 2011, HFRI Equity HedgeTRAX has successfully demonstrated a 99+% correlation to the index.

"When we launched in January 2011, no one had really created a fund tracking the HFRI Equity Long/Short index. HFRI is used by most investors as a comparable benchmark, over the HFRX which our research showed doesn't always track accurately," explains Mike Mikytuck, Managing Director, Benchmark Plus in an interview with Opalesque.

The Index is offered in a limited partnership format with quarterly liquidity, making for a slightly different take on an index product. According to Mikytuck, this format allows them to include an alpha component, realized by underlying allocat......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to