Sunday, 21 December 2014
Last updated 1 day ago
Oct 3 2012 | 10:59am ET
Hedge fund platform and brokerage firm EXANTE has launched an index tracking the 20 best-performing hedge fund firms that it services.
EXANTE's eponymous hedge fund index draws from the firm's automated trading platform. While it currently includes funds managed by only 20 firms, EXANTE said the new benchmark is well-diversified by strategy and geography, with both offshore and onshore funds managed from the U.S., U.K., Switzerland, Germany and Canada.
The index rose 1.4% in July, its first official month, and 0.2% in August. Over the past two years, the benchmark is up 36.4%.
According to EXANTE, the difference between its product and its competitors is the due-diligence done on each manager before they can be considered for the index. That helps ensure the accuracy of the performance data, the firm said.
"It is more important to have reliable and audited data in the index rather than having an index comprised of hundreds of funds and CTAs without any external due diligence," Gatis Eglitis, EXANTE's managing partner, said. "The EXANTE Hedge Fund Index includes data which is properly audited and therefore reflects precise industry growth."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.