ASI teams up with HFR to launch passive hedge fund trackers

'Landmark advancement for the hedge fund industry'

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 said it would look to raise $500m by May 2021 for a flagship HFRI 500 index tracking strategy, with the vehicle having an investment capacity in excess of $50bn. ASI said the platform would help the firm make inroads into the $3trn+ hedge fund market, as well as enabling it to bring new investors into the asset class. Hedge funds hit with $66bn losses in February Global head of alter...