The index link

index-linked products

In June, index company FTSE Group became the latest to launch an investable hedge fund index, joining a list of providers that includes Standard & Poor's (S&P), Credit Suisse First Boston (CSFB)/Tremont, Dow Jones and Morgan Stanley Capital International (MSCI).

These companies believe that by creating hedge fund products that are transparent and standardised, they will entice investors that have traditionally stayed away from the market.

John Godden, managing director of index provider HFR i