LONDON (HedgeWorld.com)–Officials at Fimat Global Fund Services are putting the finishing touches on a new hedge fund index that will be launched by the end of the first quarter.
The Fimat Volatility Arbitrage Strategies Index is expected to include 10 volatility arbitrage funds that will be participating in the index from inception. The number of funds may increase as the popularity and the numbers of funds increase, according to Fimat officials.
Fimat executives are working on the methodology and calculation methods for the index, which will function as a benchmark for investors, said Philippe Teilhard de Chardin, managing director, global fund services at Fimat.
The index will be equally weighted and reporting will be done on a monthly basis. Performance is collected in the funds’ base currency and supplied as a percentage return or a net asset value per share or unit. Fimat will be collecting the info directly from hedge fund managers, requiring audited financial statements.