NEW YORK (HedgeWorld.com)–Investment management holding company Asset Alliance Corp. announced a joint venture with the Barclay Research Group Ltd. to promote the latter’s commodity trading adviser performance-data index.
The Barclay CTA Index, established in 1986, now represents more than 85% of the total assets in global managed futures as measured by Barclay’s universe of managed futures programs. The index is rebalanced at the beginning of each calendar year, and the CTAs included generally must have at least four years of operating history.
“Asset Alliance is a well-known innovator in alternative investments,” said Sol Waksman, president of Barclay Research, in the statement announcing this joint venture. “We look forward to leveraging their experience and knowledge to make the Barclay CTA Index more useful to more markets and more users.”
The two firms expect to launch investable products that will track the performance of this index and other indexes developed or to be developed by Barclay Research.