Structured Solutions and 2n20.com have launched the Ucits HFS Index Series, the first index family that tracks Ucits funds applying hedge funds strategies.
The index series was developed by the Switzerland-based financial service provider 2n20.com and will be calculated by Structured Solutions.
2n20.com maintains and updates a database with all funds that are considered for the index calculation and acts as index adviser.
There will be the broad market Ucits HFS Index and an index for every sub-strategy.
The following indices will be calculated with immediate effect: Ucits HFS Index, Ucits HFS Index Arbitrage, Ucits HFS Index Convertible, Ucits HFS Index Credit, Ucits HFS Index CTA, Ucits HFS Index Currency, Ucits HFS Index Event Driven, Ucits HFS Index Fixed Income, Ucits HFS Index Global Macro, Ucits HFS Index Market Neutral, Ucits HFS Index Multi Strategy and Ucits HFS Index L/S Equity.
Steffen Scheuble, chief executive of Structured Solutions, says: “We want to establish an index series with our partner 2n20.com that can serve as a benchmark for all hedge funds willing to make use of the new opportunities created by the European legislation. We believe that this trend will accelerate in the years to come.”
Dennis Drenjovski, chief executive of 2n20.com, adds: “In Structured Solutions we found a partner with whom we were able to implement this product in a flexible and timely manner. With our database and the index family derived from it we want to create further transparency in the alternative investment industry.”