Solactive Launches Hedge Fund Index

September 08, 2014

Germany-based index provider Solactive has launched a new index in the hedge fund space that will give investors access to basket of stocks representative of the U.S. listed equity holdings made by hedge funds.

The Solactive Hedge Fund Holdings US Index (HEDGEUS,) will be used as an underlying by Société Générale Corporate & Investment Banking for swaps, options, and certificates.

The index is composed of a basket of stocks listed on a U.S. regulated exchange and invested by hedge funds, according to 13F Filings -- publically available documents that all hedge funds with more than USD 100 million in U.S. equity investments are required to report to the SEC on a quarterly basis.

According to a note from Solactive, hedge fund indexes have generated an increasing interest over the past few years, giving access via passive tools to active strategies.

Henning Kahre, head of equity indexing at Solactive, said: “We continue to see a significant demand for hedge fund indices globally and, most recently, particularly from Europe.”

Stephane Mattatia, head of global equity flow engineering at SG CIB, added: “After the recently launched products on the Solactive Buyback indices, we are very happy to provide further alternative alpha to our clients, which they can implement through diverse instruments.

 

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