WEST PALM BEACH, FL (www.HedgeCo.Net) – The S&P Management has announced additions to its S&P Hedge Fund Index, according to the released statements S&P said it �would add an additionalconstituent to its S&P Hedge Fund Index (S&P HFI).� The announcement said, �At the close of trading on December 31, 2004, Gabelli Associates Limited will be added to the S&P Hedge FundIndex in the Merger Arbitrage strategy.�
Gabelli is located in Rye, New York and manages approximately $28 billion in assets of private advisory accounts, mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Alternative Investment Group). The constituent portfolios of S&P Hedge Fund Index are priced via managed accounts, which are independently verified. Such additions to and deletions from the S&P Hedge Fund Index according to the firm, does not in any way reflect an opinion by Standard & Poor’s on the investment merits of such companies.
The S&P Hedge Fund Index is designed to be both investable and broadly representative of the investment opportunities available in the hedge fund marketplace. It comprises nine distinct hedge fund investment strategies grouped into three broad style categories: Arbitrage, Event-Driven and Directional/Tactical. Forty institutional quality managers currently comprise the S&P Hedge Fund Index. Its values are calculated and published daily by Standard & Poor’s according to S&P official information.
Additional information on the S&P Hedge Fund Index is available on: http://www.sp-hedgefundindex.com.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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