According to an announcement by the Rockville, Maryland-based Rydex Capital Partners, the new hedge fund offering will provide exposure to 40 different hedge fund constituents for a minimum investment of $25,000.
By tracking the S&P Hedge Fund Index, Rydex SPhinX Fund will set out to provide equal-weighted exposure, rebalanced annually, to nine strategies considered representative of the hedge fund industry. Each of the 40 index constituents provides exposure to one of the nine strategies.
The fund’s developers said it should also be transparent to investors with the index construction methodology and names of the index constituents disclosed by Standard & Poor’s and the index values published daily.
« Edwards Calls for Curb on Pension Inequities