Morgan Stanley Capital International (MSCI), a provider of indexes for financial institutions, has teamed up with Lyxor Asset Management (Lyxor), a subsidiary of Société Générale specialising in structured funds and alternative investments activities, to market a tradable hedge fund product called MSCI Hedge Invest Index.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.
More on Structured Products
Other issuers reportedly to follow iShares in launching products later this year
Interest rate moves in Europe mean China credits look attractive
Unusual dealmaking activity means strategy underperforming the S&P 500
Sponsored feature: Numerix
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.