24 Oct 2011
Barclays Capital has launched its Manager Access Indices which aim to provide investors with liquid exposure to specific hedge fund strategy returns. The first index in the family focuses on equity long/short strategies and is aimed at institutional investors seeking exposure to this strategy through a diversified basket of hedge funds in a transparent and liquid index format.
Barclays have found that investors are placing higher requirements on the liquidity, transparency and asset protection of their hedge fund holdings, resulting in more thorough due-diligence processes and increased stringent governance requirements for investment companies in general. They aim to address these issues by using the manager access indices. Each index provides exposure to a single hedge fund strategy, as well as direct manager exposure.
“Managed accounts are not a new concept but they have become an increasingly popular way to address investor concern surrounding liquidity, transparency and control of assets,” said Csaba Koppany, Director of Equity and Funds Structured markets (EFS) at BarCap. “The aim of the Barclays manager access indices is to use that format to provide investors with liquid access to hedge fund strategy specific returns in a more straightforward and diversified manner.”
Barclays have found that investors are placing higher requirements on the liquidity, transparency and asset protection of their hedge fund holdings, resulting in more thorough due-diligence processes and increased stringent governance requirements for investment companies in general. They aim to address these issues by using the manager access indices. Each index provides exposure to a single hedge fund strategy, as well as direct manager exposure.
Anthony Lazanas, Managing Director, Index, Portfolio and Risk solutions, said: “The Barclays Capital manager access indices expand the range of our tradable family of indices by offering investors access to hedge fund returns, and highlight out commitment to offer a complete range of tradable indices across assets and investment styles. This new family enables investors to access funds employing specific investment strategies while enjoying the transparency and diversification of multiple managed account platforms.”
