Here come investible Asian hedge fund indices

Eurekahedge and Maxam are creating an alternative to Asian funds of hedge funds.

Eurekahedge Advisors, the Singapore-based independent hedge fund research firm, has teamed up with the founder and former chairman of Tremont Capital Management in order to launch a series of investible hedge fund indices.

Sandra Manzke, who founded Tremont in 1984, pioneered funds of funds and, in a joint venture with CSFB, the first asset-weighted index of hedge funds in the United States. She left Tremont early this year to found Maxam Capital Management, a registered investment advisor in Darien, Connecticut with $1.3 billion of committed assets under management.

The MaxEureka series will provide the first regional indices alongside established global products such as the CSFB...

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