Products February 17, 2004

PlusFunds Launches S&P Hedge Fund Index Tracking Vehicle

February 17, 2004 (PLANSPONSOR.com) - PlusFunds Group Inc has released a new product tracking the S&P Hedge Fund Index.
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The new vehicle, managed by PlusFunds, seeks to track the performance of the S&P Hedge Fund Index on a levered basis.   To this end, the group seeks to leverage the investor’s initial equity investment through additional capital, obtained through direct borrowing or the use of derivative transactions, according to a news release.

The tracking vehicle will then seek to maintain the targeted leverage multiple at a set level through regular rebalancing, although liquidity and other constraints may prevent the realization of such target.

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More information is available at  www.plusfunds.com .

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