Rydex Capital and S&P sign investment deal

Rydex Capital Partners has signed a deal with Standard & Poor's (S&P) and PlusFunds Group to launch an investment product based on the S&P Hedge Fund Index.

The first of its kind to be offered to qualified US investors, the product will be made available through independent registered investment advisers as well as being offered to self-directed investors.

Commenting on the launch, Peter Roffman, vice-president of S&P, said: 'We appreciate many advisers insist on better transparency and benchmark