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 .
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