New Index To Track Largest Hedge Fund Stock Holdings

Nov 23 2011 | 8:21am ET

Wells Fargo has struck upon a new way to measure hedge fund performance: by tracking their largest holdings.

The bank has launched an index that offers the real-time performance of the 100 largest stock holdings reported to the Securities and Exchange Commission by hedge funds and managed accounts. The new Wells Fargo Hedge Fund Manager Holdings Index, with the ticker symbol “HEDGE,” will be updated every 15 seconds by the New York Stock Exchange.

“Aggregating hedge fund holdings and illustrating the performance through an index will bring greater transparency to the sector,” Dan Forth, head of strategic indexing for Wells Fargo, said. “We believe the index will provide investors with a unique tool to help better manage their own portfolios, by providing them with a benchmark for measuring hedge funds’ performance in the market.”


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of