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Index To Shine Real-Time Light On Hedge Funds
Tom Burroughes
23 November 2011
Amid more signs of how data about the hedge fund industry
keeps expanding, Wells Fargo has rolled out an index to capture the real-time
behaviour of these funds’ 100 biggest positions in the stock market. The Index is called the Wells Fargo Hedge Fund Manager
Holdings Index and tracks performance of positions in securities that are
listed on the NYSE or NASDAQ. The hedge fund industry already has a number of measures of
how well – or poorly – this $2 trillion-plus industry fares in achieving
returns. Regulators have sought greater transparency from the sector in terms
of the market positions it takes, such as when funds short-sell stocks, for
example. "Aggregating hedge fund holdings and illustrating the
performance through an index will bring greater transparency to the
sector," said Dan Forth, head of strategic indexing for Wells Fargo. The value of the Index will be disseminated by NYSE every 15
seconds between the hours of 9:30 am and 4:15 pm EST/EDT.