AM – Van Eck Associates, a US investment management firm, has acquired a hedge fund beta business and team from Lyster Watson, to offer a suite of strategies known asTrackers.
According to the acquirer, Trackers are hedge-style “beta” strategies, which act on indexes to capture the beta of a specific hedge fund strategy, and the Trackers team focuses only on those hedge fund strategies whose returns can be statistically replicated using tradable risk factors represented by US-listed ETFs.
