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.
Reported by Eric Hazard
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.
More information is available at www.plusfunds.com .