Sat, Oct 25, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t