Rydex Bringing S&P Hedge Index Product to the Masses

January 22, 2003 (PLANSPONSOR.com) - Rydex Capital Partners has announced an agreement with Standard & Poor's (S&P) and PlusFunds Group Inc to introduce an investment product based on the S&P Hedge Fund Index.

The new offering will be made available to qualified US investors through registered investment advisors, as well as to self-directed investors.

The  S&P Hedge Fund Index, launched in November 2002, is designed to be investable and representative of the broad-based investment experience of the hedge fund marketplace.   It comprises nine hedge fund investment strategies grouped into three broad style categories:

  • arbitrage
  • event-driven
  • directional/tactical.