SIG Releases New Money Managers Index

March 24, 2003 ( - Susquehanna International Group, LLP has launched a new index to give institutional and retail investors another avenue to isolate and hedge the performance of managers of public and private assets.

The SIG Index is a modified cap-weighted index that seeks to reflect the performance of 19 publicly traded investment management companies, including companies organized under the Investment Act of 1940, trust banks, and broker-dealers with extensive asset management components, according to a news release.

SIG’s Investment Managers Index will trade on the Philadelphia Stock Exchange.