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Laxman Pai, Opalesque Asia: US-based index firm Markov Processes International (MPI) has launched indices to enable investors to track better hedge fund performance that account for volatility levels.
MPI, which collaborates with Eurekahedge and BarclayHedge, says adding 'target volatility' to two existing benchmarks designed for institutions will make risk analysis of hedge fund performance better.
The provider of investment research, technology, analytics and indices for the global investment management industry claimed in a press release that MPI Hedge Fund Indices were designed to deliver next-generation performance benchmarks by pairing monthly hedge fund indices with daily tracker indices comprised of liquid securities that enable daily monitoring of hedge fund performance and risk.
"MPI will now provide target volatility indices for each tracker, enabling benchmarks to be tailored to a specific investor, allocation or product's desired risk level," it said.
The MPI Eurekahedge 50 Tracker Index, which is a daily tracker for the Eurekahedge 50 Index, is now available in 6 percent and 8 percent target volatility versions.
The MPI BEST 20 Tracker Index, which is a daily tracker for the MPI Barclay Elite Systematic Traders Index, is now available in 8 percent and 10 percent target volatility versions.
"Our hedge fund indices were developed to address a general dissatisfaction in the market with using traditional hedge fund benchmarks for manag...................... To view our full article Click here
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