HONG KONG (HedgeWorld.com)–ABN AMRO and Eureka Hedge Advisors launched a benchmark index for Asian hedge funds yielding a new gauge for Asia Pacific hedge fund performance.
The new index measures the performance of open-ended funds with at least US$40 million under management. It is divided into two sub-indexes: Asia Pacific and Japan.
“Absolute return funds measure their performance against cash, but investors still want to know how an individual fund is doing against its peer group,” John Hetherington, director of research at Eureka, said in a statement.