MSCI and Lyxor launch tradable hedge fund index
30 Jun 2003, Sarfraz Thind, Risk magazine
The index, due to be launched within the next couple of months, will consist of 60 funds across a range of 13 strategies drawn from the Lyxor database. The index will be constructed using the same weighting methodology as the MSCI hedge fund index, which was originally launched in July last year, although it will have much fewer constituents.
MSCI's head of licensing, Simon Midgen, said the company is looking to extend the MSCI licence to a number of different counterparties. There has been some interest shown in the current index, said Midgen, though he refused to elaborate.