TITLE

Alternative treatments of equitized hedge funds

AUTHOR(S)
Wang, William K.S.
PUB. DATE
May 2006
SOURCE
Pensions & Investments;5/1/2006, Vol. 34 Issue 9, p37
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on how to treat equitized hedge funds when comparing the actual portfolio with the organization's target or benchmark portfolio and any portfolio restrictions. Increasingly, institutional investor portfolios contain equitized hedge funds, which are hedge funds combined with stock index futures. An investor holding $1 in hedge funds plus $1 in bonds can equitize the $1 in hedge funds by purchasing $1 in stock index futures. The stock index future is a contract to purchase $1 of the stock index in the future.
ACCESSION #
20789694

 

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