Index to measure Aussie hedge funds
The Bank of Bermuda has launched a series of hedge fund indices to measure the performance of hedge funds throughout the Asia Pacific region, including Australia.
The four separate indices, launched by the bank in conjunction with specialist hedge fund publishing group AsiaHedge, will measure the median returns each month for hedge funds across four geographic regions - Japan, Asia ex-Japan, Asia inclusive of Japan, and Australia.
The two companies have also launched the Bank of Bermuda AsiaHedge Directory, a directory containing contact data for 180 global hedge funds operating in the Asia Pacific region.
The directory will be updated monthly and includes managers who invest in the Asia Pacific region, managers based in Asia Pacific countries like Australia who invest globally, and funds of funds investing purely in Asia Pacific managers.
The head of the Bank of Bermuda’s global fund services division, Paul Smith, says both the indices and the directory would prove an important milestone in the development of the hedge fund industry in Australia and other countries in the Asia Pacific region.
“The products will increase the transparency within an industry on which it has up to now been difficult for investors to gain a clear picture. They will for the first time provide essential performance and strategy data for anyone involved in the hedge fund industry in Asia, whether setting up a fund, investing in funds or advising on the industry,” he says.
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