The Index measures the real-time performance of the 100 largest positions in equities and equity-related securities as reported quarterly to the Securities and Exchange Commission (SEC) by hedge funds or managed accounts.
“Aggregating hedge fund holdings and illustrating the performance through an index will bring greater transparency to the sector,” said Dan Forth, head of strategic indexing for Wells Fargo. “We believe the index will provide investors with a unique tool to help better manage their own portfolios, by providing them with a benchmark for measuring hedge funds’ performance in the market.”
The Index represents modified market capitalization weighted to provide diversified exposure in the market. The securities are required to be listed on the NYSE or NASDAQ and to satisfy specific market capitalization and other eligibility requirements. The value of the Index will be disseminated by NYSE every 15 seconds over the Consolidated Tape Association’s Network B between the hours of 9:30 am and 4:15 pm EST/EDT under the ticker symbol “HEDGE.”
Editor for HedgeCo.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!