Fund of Hedge Funds Mergers & Acquisitions / Joint Ventures

AlphaMetrix offers traders index fund

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AlphaMetrix's latest offering is a tracker fund based on the performance of Newedge's AlternativeEdge Short-Term Traders Index.

The fund will be available via the firm's $1.9 billion managed account platform as a way to invest in "liquid alpha" strategies managed by a diverse group of commodity trading advisors. The AlphaMetrix STTI tracker fund was launched in mid-December and has roughly $70 million under management. Officials say there are additional commitments from large institutional investors expected in the coming months.

To be included in the index tracker fund, commodity trading advisors must have an average holding period of less than