|Eurekahedge launch new asset weighted ‘Mizuho-Eurekahedge Index’|
SINGAPORE (September 27, 2011) - Eurekahedge, a market leading alternative fund data provider, announced today that they are to launch a suite of new asset weighted indices, under the name ’Mizuho-Eurekahedge Index’.
This ground breaking suite of indices follow a rigid methodology that will enable investors to easily utilize them for benchmarking their portfolios and building products such as replication indices, passively managed index funds and ETFs. Alongside Eurekahedge’s existing indices this will be one of the largest collections of hedge fund indices in the world. This global index will draw on both the Mizuho and Eurekahedge brands in an effort to further establish the presence of both entities in the market and raise their recognition in new investment sectors.
In March 2011, Mizuho Corporate Bank, Ltd. (“Mizuho”) acquired a 95% stake in Eurekahedge. Along with Eurekahedge in Singapore, Mizuho also covers alternatives through Mizuho Global Alternatives Investments, Ltd. (MGAI) in Tokyo and Mizuho Alternative Investments, LLC (MAI) in New York.
The indices will be available in October 2011 with September performance numbers and data going back to January 2005.
Notes for editors
Mr Mearns goes on to say, “The absolute return fund industry is now back at US$2 trillion and while it is much smaller than the US$30 trillion mutual fund/retail fund industry it has far better annualized returns, less volatility and is growing at a faster rate. In tandem with this growth, we are seeing a strong demand from investors for liquid index linked products such as replication indices and ETFs. In addition we expect the Mizuho-Eurekahedge Index to be the leading hedge fund index benchmark for investors worldwide.”
How the methodology works
Examples of indices to be launched
Mizuho-Eurekahedge Global Index (USD)
Mizuho-Eurekahedge TOP 100 All Strategies Index (USD)
Mizuho-Eurekahedge Long Short Equities Index (USD)
In addition to fund data Eurekahedge publishes the world’s largest
suite of over 200 alternative investment benchmark indices, and The Eurekahedge Report,
a monthly look at the alternative funds industry’s asset flows, fund performance,
macroeconomic trends and league tables.
Eurekahedge has offices in Singapore and New York, and in March 2011 Mizuho acquired a 95% stake in Eurekahedge.
About Mizuho Corporate Bank
For further information, please contact:
Eurekahedge Pte Ltd