WEST PALM BEACH, FL (HEDGECO.NET) – The team of Union Bancaire Privee, Hedge Fund Research Inc and Dresdner Bank has announced their joint collaboration in launching the new HFRX range of investablehedge fund indices into the Swiss market. The new index is linked to series of investable certificates aimed at both the private and institutional investors, according to the press release. The newindex will be traded from July 19 upon the completion of its listing on the Swiss Exchange according to the press release.
UBP is the leading Swiss private bank and also a major supplier of alternative investment strategies. According to the press release, the firm would act as the lead manager for this initiative, while �Dresdner Bank AG will act as Issuer of these certificates with Dresdner Bank Switzerland taking the role of Co-Manager and investment bank Dresdner Kleinwort Wasserstein (DrKW) will act as a market maker for trading the certificates.�
Hedge Fund Research will offer the new investable product to Swiss investors first according to the agreement. HFR, regulated by the SEC, is one of the global leaders in the provision of hedge fund data, research, indexation and asset management services. The firm �first launched its family of investable hedge fund indices in 2003 and since then has entered into partnerships with a select number of Europe’s leading financial institutions, including in the UK and France, to develop products based on the HFRX Indices�.
According to the released information, the new product will be available on HFRX Convertible Arbitrage Index, HFRX Distressed Securities index, HFRX Equity Hedge Index as well as on the HFRX Equity Market Neutral Index. Additional indices of HFRX Event Driven Index, HFRX Macro Index HFRX, Merger Arbitrage Index, and the HFRX Relative Value Arbitrage Index will also carry the new product as well.
Christophe Aletti, member of Management from UBP said, “This is an exciting initiative for the Swiss market. The range of certificates available means investors can choose their tactical asset allocation requirement to achieve a customizable and flexible investment portfolio.”
Marc Denogent, Vice-President in DrKW’s Capital Markets in his statement said, “This is the next logical step in bringing the universe of Hedge Funds closer to the investor, by providing transparency, daily liquidity and thus the ability to construct core-satellite strategies. We are delighted to be working together with UBP in this partnership approach.”
John Golden representing HFR Europe added, “We are delighted to be working with UBP and Dresdner. UBP are recognized as a leader in the field of hedge Fund allocation. Their participation in the investable Hedge Fund Index product area with the HFRX certificates is a significant milestone in the development of the sector. Our continued relationship with Dresdner provides us with excellent capital markets services.”
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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