Hedge Funds

Funds scramble to join index bandwagon


With $5.3bn raised, investable platforms are the new asset-raising engine

So far, there are fewer than 300 fund groups with strategies tracked by investable hedge fund indices that collectively run $5.3 billion. That may seem like a pittance compared to the wider hedge fund universe, but it's a safe bet that both those figures will rise over time as the index providers show every sign of gaining momentum and changing the industry in a number of surprising ways.

The most obvious change is that they are forcing the industry - or at least that part of the single-manager universe