05 Jan Press Release: Hedge Fund Replication Index Tracking Eurekahedge 50 Launched by Quantvest Capital
- Eurekahedge 50 Tracker Designed to Replicate the Performance of New Industry Benchmark
- Quantvest Formed by Leaders in Replication, Quantitative Analysis and Financial Technology
New York City (January 5, 2015) — Quantvest Capital LLC (“Quantvest”), a hedge fund replication specialist firm, today announced the launch of a replication index tracking the performance of the Eurekahedge 50 Index, a new alternative investment benchmark comprised of the top 50 large, institutional-quality hedge fund managers.
The Eurekahedge 50 Tracker Index (“Tracker Index”) consists of a dynamic portfolio of broad market indices that collectively approximate the combined returns of the constituent funds in the Eurekahedge 50. As such, the Tracker Index provides institutional hedge fund investors with a real-time proxy of the aggregate exposures of the monthly-calculated benchmark. The Tracker Index will be priced daily.
The Tracker Index is constructed and managed by Quantvest under an exclusive agreement with Eurekahedge, a hedge fund research house and database provider.
Quantvest was formed by the principals of Markov Processes International (“MPI”), a leader in quantitative investment tools and technologies, and Horton Point LLC, a New York City-based family office that operates a platform of emerging hedge fund managers. Michael Markov, chairman of MPI, and Dimitri Sogoloff, CEO of Horton Point, will lead Quantvest’s management team.
“Our ability to accurately decipher dynamically changing exposures of alternative fund portfolios has long been recognized by institutional investors who require specialized expertise in analysis, due diligence, and risk management of hedge funds. This value proposition – high precision transparency based on limited information – is crucial for the successful replication of hedge funds”, said Mr. Markov. “We are widely recognized to be pioneers of ‘due-diligence by replication’, where results of quantitative analysis are often used to better understand a strategy and make more informed investment decisions.“
Quantvest has licensed various intellectual property components from MPI and has assembled a research team with particular expertise in hedge fund analysis and replication. The company plans to offer an investable version of the Tracker Index in early 2015. Additionally, Quantvest plans to utilize its capabilities to create customized replication portfolios for institutional clients.
“The application of highly accurate and predictive returns-based technology for asset management purposes creates a disruptive event in the liquid alternatives industry – the ability to convert a wide range of customized hedge fund portfolios into a liquid, transparent, easily tradable product. While there have been many attempts to replicate broad hedge fund benchmarks, we are capitalizing on over two decades of specialized research and proven technology, which we believe will generate accurate replication of concentrated portfolios with minimal tracking error”, said Dimitri Sogoloff. “Between Michael and myself, we have over 50 years of experience building multiple successful financial technology and asset management companies. With this combined expertise we are excited to create the next-generation liquid alternatives business“, he added.
Performance updates and information on the Eurekahedge 50 Tracker Index is available on the Quantvest website, http://www.quantvestcap.com/eurekahedge-50-tracker-index.
For more information on the Eurekahedge 50, please visit http://www.eurekahedge.com/Indices/IndexView/Eurekahedge/639/Eurekahedge_50
Quantvest Capital LLC specializes in the replication of customized hedge fund portfolios for institutional investors. Formed by leaders in the fields of hedge fund replication, quantitative due diligence and financial technology, Quantvest is committed to evolving hedge fund investing for the benefit of investors. Quantvest utilizes exclusive technology and innovative methods to elevate transparency and liquidity while minimizing fees associated with alternative investing.
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