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MSCI, Lyxor launch investable hedge fund index

The fund of hedge funds aims to represent the universe of alternative investments.

MSCI and Lyxor Asset Management have agreed to launch the MSCI Hedge Invest Index this summer. The index will consist of a diverse sample of hedge fund strategies and will contain funds that have weekly liquidity. MSCI will construct the index along the same lines of the hedge fund index database it introduced last year, using eligible funds from the Lyxor platform.

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