NEW YORK (HedgeWorld.com)--The European offshoot of Chicago-based Hedge Fund Research Inc. signed a license agreement with Calyon to offer structured products based on HFR investable hedge funds indexes.
Calyon is Cr?dit Agricole Group's investment bank, formed by the merger of the Credit Lyonnais corporate and investment banking unit with Cr?dit Agricole Indosuez. The agreement allows Calyon to market HFR index products to its clients worldwide.
HFR launched investable indexes in March 2003 and since then has formed a number of strategic partnerships to develop products that use them .
Other investable index providers include CSFB/Tremont, MSCI and Standard & Poor's. Index products, mostly launched in the past year, have so far garnered about 1% of hedge fund industry assets, but remain controversial (seePrevious HedgeWorld Story).
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