New Indices From The East

From Singapore comes the news that Eurekahedge, an alternative fund data provider, is to launch a suite of new asset-weighted indices, under the name Mizuho-Eurekahedge Index.

This suite of indices, we are told, follows a rigid methodology that will enable investors to easily utilise them for benchmarking portfolios and building products such as replication indices, passively managed index funds and exchange-traded funds.

Alongside Eurekahedge's existing indices this will, its originators state boldly, be one of the largest collections of hedge fund indices in the world. This global index will draw on both the Mizuho and Eurekahedge brands in an effort to further establish the presence of both entities in the market and raise their recognition in new investment sectors.

In March 2011, Mizuho Corporate Bank acquired a 95% stake in Eurekahedge. Along with Eurekahedge in Singapore, Mizuho also covers alternatives through Mizuho Global Alternatives Investments, Ltd. (MGAI) in Tokyo and Mizuho Alternative Investments, LLC (MAI) in New York.

The indices will be available in October 2011 with September performance numbers and data going back to January 2005.