Aberdeen Standard Investments (ASI) has teamed up with Hedge Fund Research (HFR) to launch a platform allowing investors to passively track hedge fund benchmarks.
ASI said the platform would allow it to bring products to the market that track the HFRI 500, a fund-weighted index comprising 500 investable hedge funds across a broad range of strategies. The firm said it would look to raise $500m by May 2021 for a flagship HFRI 500 index tracking strategy, with the vehicle having an investment capacity in excess of $50bn. ASI said the platform would help the firm make inroads into the $3trn+ hedge fund market, as well as enabling it to bring new investors into the asset class. Hedge funds hit with $66bn losses in February Global head of alter...
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