FTSE Hedge, a new global hedge fund index, is now live. It is calculated by FTSE Group, the index provider.
The opening index value is based on the net asset values (NAVs) of the Hedge Fund constituents on 31 May 2004. A five-year back history for the index is also available.
FTSE Hedge can be invested in directly via a Fund of Funds platform, managed by MSS Fund Management Limited, named FTSEhx. Mark Makepeace, Chief Executive, FTSE Group described FTSE Hedge as “an investible index which provides the transparency needed by global investors seeking to access the hedge fund asset class. The early success of the index is a strong indicator that its been well received by the market.”