MAXAM Capital Management LLC, the US investment advisor recently launched by Sandra Manzke and Eurekahedge, a Singapore-based hedge fund research firm, are teaming up to launch of three investable hedge fund indices.
Each investable index — MaxEureka Asia, MaxEureka Japan and MaxEureka Global Emerging Markets — will focus on regional hedge fund talent in Asia, Japan and the emerging markets and will offer investors exposure to a broad range of hedge fund managers in each territory.
The three MaxEureka Investable Indices are expected to launch on 1 January 2006
The MaxEureka Asia Index is a pan Asian product which will include Japan, Australia and New Zealand while the MaxEureka Japan Index will offer access to managers exclusively with Japan mandates. The MaxEureka Global Emerging Markets Index will include Emerging Asia, Emerging Americas, Eastern Europe, Russia, The Middle East and Africa.
“These are exciting products, for exciting regions. We are finding more exceptional managers and unique investment opportunities in these areas,” said Sandra Manzke, founder and CEO of MAXAM. We believe Eurekahedge has the most selective and extensive database to enable us to target the most exceptional talent for these regions.”
Manager selection for these investable indices will be based on assets-under-management level and will target the largest hedge funds for each index. Underlying funds will require a one-year audited track record. Both risk management and due diligence will be carried out by MAXAM.
These MaxEureka Index products are only available to non-US investors.