InvestHedge launches funds of funds directory - 10/07/02

The InvestHedge Directory includes 800 funds of funds managing more than $250 billion of assets invested in global hedge funds, and the index shows how funds of funds are performing

(LONDON ? 7 October 2002) InvestHedge, the pre-eminent trade publication for the hedge fund investor community, has launched a new suite of data products designed to provide transparency to the rapidly expanding fund of hedge funds community.
Leading the new products is the InvestHedge Directory listing essential details for over 800 global funds of funds, including the entire ?billion dollar club? of leading fund of funds groups.
It enables investors, managers and service providers to keep up to speed with the major players in the industry, the strategies they employ, and their assets under management.
The Directory represents more than $250 billion in assets invested in global funds of hedge funds, approximately 90% of the entire market.
?The hedge fund of funds business is one of the few areas of the financial services industry that is still showing healthy growth and this is likely to continue despite modest returns from most funds of funds over the past year,? says Iain Jenkins, managing editor of InvestHedge. According to InvestHedge research the ?billion dollar club? of 60 funds of funds with assets of over $1bn saw inflows of 14% in the first half of 2002.

While the Directory contains manager contact details and strategy, the InvestHedge Index provides median returns each month for nine major categories. The InvestHedge Index is the only index available today to compare performance within the funds of hedge funds business.
Category         Aug 02          YTD
Global multi-strategy US$         0.38%          0.75%
Arbitrage US$         0.28%          0.82%
Global equity US$         0.24%         -1.58%
US equity         0.41%         -3.28%
European equity ?         0.62%          1.44%
European multi-strategy ?         0.75%          0.08%
Emerging-markets US$         1.06%          4.54%
Asia Pacific US$         -0.21%          1.78%
Global macro currency debt         0.97%          7.24%

Finally, for qualified investors only, the InvestHedge Performance Database will provide monthly performance returns achieved since inception of 700 funds of funds, and verify all data at the source, guaranteeing the most accurate view of the industry.
        InvestHedge, launched in September 2001, has established itself as the premier provider of information and performance data for the monthly newsletter. The Directory and Database are additional tools designed to provide transparency of investments and performance by the rapidly growing fund of funds sector.
For more information on InvestHedge and the InvestHedge suite of products, visit www.investhedge.com.
© 2002 HedgeFund Intelligence Limited
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About HedgeFund Intelligence
HedgeFund Intelligence is the largest independent publishing group providing in-depth news and analysis on the global hedge fund industry. Founded in 1998, its monthly newsletters include AsiaHedge and EuroHedge, covering the Asia-Pacific and European hedge fund industries, respectively, as well as InvestHedge, covering the hedge fund investor community.
The company also publishes special reports featuring a range of regional topics, detailed performance data on a wide spectrum of funds, and regional indices. HedgeFund Intelligence produces premier hedge fund conferences, including industry-acclaimed hedge fund awards dinners in Europe and Asia, and the annual London-based Hedge Fund Symposium.

Contacts:
Iain Jenkins, Managing Editor
HedgeFund Intelligence
London
+44 (0)20 7233 8585
ijenkins@investhedge.com
Joanna Douglas, Marketing Manager
HedgeFund Intelligence
London
+44 (0)20 7901 1917
jdouglas@investhedge.com