PlusFunds Launches S&P Hedge Fund Index Tracking Vehicle

February 17, 2004 ( - PlusFunds Group Inc has released a new product tracking the S&P Hedge Fund Index.

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 .