News in brief - July (2)

• ABN Amro and Eureka Hedge Advisors have launched their benchmark index for Asian hedge funds. As reported in HFR's April issue, the ABN Amro Eureka Hedge Index measures the performance of open-ended funds with at least $40m under management. There is one sub-index for Asia Pacific and one for Japan.

• Discovery Capital Management, a hedge fund based in South Norwalk, Connecticut, has selected the software solution package provided by Trema. Discovery will be the first hedge fund in the US to us