ASI teams up with HFR to launch passive hedge fund trackers
'Landmark advancement for the hedge fund industry'
The firm said it would look to raise $500m by May 2021
Aberdeen Standard Investments (ASI) has teamed up with Hedge Fund Research (HFR) to launch a platform allowing investors to passively track hedge fund benchmarks.
ASI said the platform would allow it to bring products to the market that track the HFRI 500, a fund-weighted index comprising 500 investable hedge funds across a broad range of strategies. The firm...
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