The hedge fund index quagmire

Index products

Among the leading hedge fund performance index companies, Van Hedge Fund Advisors is one of the latest companies to move into the 'investable' hedge fund index business. The Nashville, Tennessee-based consultancy is a small niche player in the industry, but it hasn't stopped it trying towants to take advantage of what its chairman, George Van, sees as the latest big trend in hedge fund investing.

"They [investable hedge fund indexes] are being pushed very hard to qualified investors and

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