GLOBAL - MSCI has launched eight hedge fund strategy indices as part of its new MSCI Hedge Invest Strategy Indices.
The recent release follows the launch of MSCI Hedge Invest Index, launched in 2003, which now has assets of more than US$3bn linked to it.
“The MSCI Hedge Invest Strategy Indices subdivide the composite MSCI Hedge Invest Index, enabling a more granular investment exposure to the following distinct hedge fund strategies: systematic trading, discretionary trading, event-driven and merger arbitrage, long bias, variable bias, equity non-directional, convertible and equity arbitrage and fixed income,” the firm said in a statement.
Charissa Smith, managing director of MSCI, said: “Following the success of the MSCI Hedge Invest Index and its unique construction methodology, we expect the new investable strategy indices to be licensed by many financial organisations as the basis of new index-linked products.”
MSCI said its family of investable hedge fund indices is available to asset managers who might issue index-linked products like tracker funds and derivatives for investment by pension plans, banks and insurance companies as well as other asset managers and brokers.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.