Societe Generale Asset Management Alternative Investments (SGAM AI) is partnering with HFR Group to develop index enhanced strategies based on HFRX hedge fund indexes.
The strategy will be marketed primarily in Asia, mainly through structured products.
The strategies will be managed by SGAM AI, who will allocate among the various underlying strategies which constitute the indexes. This tactical allocation will capitalize on the expertise and allocation process developed within the SGAM AI fund of hedge funds program.
The team will be based in New York and Paris, includes a range of actively managed fund of hedge funds with $6.7 billion under management (as at end December 2005).
“This new index enhanced investment strategy provides an attractive opportunity for institutional and retail investors willing to track the hedge fund industry performance,” said Philippe Brosse, CEO of SGAM Alternative Investments. “Teaming up HFR and SGAM AI is the ideal combination of a leading hedge fund index provider and an active hedge fund manager to provide both transparency and value-added to investors.”