BNP Paribas to offer derivatives on hedge fund index

BNP Paribas has announced that it has been granted a licence by Standard & Poor's to deliver derivative products linked to the S&P Hedge Fund Index. BNP Paribas will offer investors around the world exposure to the newly launched S&P Hedge Fund Index. This is the first licence to deliver derivative products based on this index.BNP Paribas intends to provide a variety of derivative products linked to the S&P Hedge Fund Index that could include principal protected notes,…