It was a race to see who would be first but, in the end, only a few days separated the launch of two new indices tracking the Asian hedge fund market. The first announcement came on Friday when Singapore-based Eureka Hedge Fund Advisors launched its Asian Hedge Fund Index.
Then on Monday the joint venture between Bank of Bermuda and AsiaHedge revealed a series of four indices tracking longshort performance in four geographical locations. But while the timing was close, the indices look poles apart in structure and form.
EurekaHedge has branded its tracker an investible index with six sub-indices broken down by strategy and region. The index shows the mean return...
