WEST PALM BEACH, FL (HEDGECO.NET) – PlusFunds Group Inc said in a newswire that its assets hit the US$1.5 billion mark, in managed assets, tracking the S&P Hedge Fund Indices, according to thereleased statements. The firm began its hedge fund investment management business in 2002, and since then its distribution network along with its management portfolios has significantly increased.
PlusFunds investment vehicles tracking the S&P Hedge Fund Indices are now available in Europe, the Middle East, North and South America, Japan and Bermuda, and are distributed by a wide range of global institutions. According to PlusFunds, hedge fund investors can follow either the S&P Hedge Fund Index, S&P Managed futures index or 3 other sub indexes.
The S&P Hedge Fund Index comprises of nine distinct hedge fund investment strategies grouped into three broad style categories-Arbitrage, Event Driven and Directional/Tactical. The S&P Managed Futures Index, launched in January 2003, is designed to represent the Managed Futures investment strategy on a stand-alone basis. It is comprised of fourteen institutional quality managers and its values are calculated and published daily by Standard & Poor’s.
The CEO of PlusFunds Gabriel Bousbib said, “We believe that this milestone is indicative of the strength of our risk monitoring and reporting platform, combined with a value proposition that is exclusive to the S&P Hedge Fund Indices. We provide many investment options depending on the investor’s risk profile, including choices based on currency denomination, and exposure to the range of hedge fund strategies and styles. Ultimately, we provide access to the hedge fund space with uniquely high standards of transparency and independent oversight.”.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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