US investment advisor MAXAM Capital Management is to launch three investable hedge fund indices in conjunction with research firm Eurekahedge.
MaxEureka Asia, MaxEureka Japan and MaxEureka Global Emerging Markets are exclusively regional indices and are being offered alongside the current spectrum of global investable hedge fund indices in the marketplace.
Each index will focus on regional hedge fund talent in Asia, Japan and the Emerging Markets and will offer investors comprehensive exposure to a broad range of top hedge fund managers in each territory.
The MaxEureka Asia Index is a pan-Asian product, which will include Japan, Australia and New Zealand, while the MaxEureka Japan Index will offer access to managers exclusively with Japan mandates. The MaxEureka Global Emerging Markets Index will include Emerging Asia, Emerging Americas, Eastern Europe, Russia, The Middle East and Africa.
"These are exciting products, for exciting regions," said Sandra Manzke, founder and CEO of MAXAM. "We are finding more exceptional managers and unique investment opportunities in these areas."
Richard Armstrong, co-founder and partner at Eurekahedge added: "We are very pleased to be working with Sandra and MAXAM on the suite of index products which will address current investor demand for these regions. These products will also provide a unique opportunity for investors to have direct exposure to the largest and most performance driven managers in each region."
Manager selection for these investable indices will be based on AUM level and will target the largest hedge funds for each index. Underlying funds will require a one-year audited track record. Both risk management and due diligence will be carried out by MAXAM.
These MaxEureka Index products, which are only available to non-US investors, are expected to launch on 1 January 2006.
Background notes: MAXAM Capital Management, LLC launched in April 2005 by Sandra Manzke, who has worked in the hedge fund industry since 1984. Manzke is a pioneer in consulting to pension funds and in the creation of successful fund of funds through the identification of talented advisors. MAXAM currently has USD 1.3 billion of committed assets under management. Prior to launching MAXAM, Manzke was Chairman and co-CEO of Tremont Capital Management, a company she founded in 1984. MAXAM is a registered investment advisor with the SEC.
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