Investors looking to profit from the woes of hedge funds will have a fresh tool at their disposal from today with the launch of a replication index designed to provide short exposure to the struggling sector.
The Shortable Barclays Alternatives Replication Index, as well as a sister long index, are being launched by Barclays Capital after a year in which the average hedge fund lost 23.3 per cent, according to Credit Suisse.
Antti Suhonen, head of fund-linked structuring at BarCap, said the bank had seen interest in the short index from hedge fund investors who were unable to liquidate their positions, or chose not to, but wanted to manage their directional exposure to the sector.
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