HedgeFund.net (HFN) has announced the launch of a new hedge fund benchmark for funds that invest in Latin America.Â The HFN Latin America Average launched with 80 constituent investment vehicles, including 43 that invest specifically in Brazil and another 37 that invest in broader emerging markets in Latin America.Â
As of Wednesday, April 4, the HFN Latin America Average had an estimated return of 1.42% for February, and final returns of 1.66% for January 2007 YTD and 29.86% for 2006 – all of which were the best performing regional averages tracked by HFN.
HFN maintains a database of more than 7,200 hedge fund, fund of fund, and CTA/Managed Futures investment vehicles.Â Fund performance is reported (net of fees) on a monthly basis.Â Monitoring trends within the hedge fund industry, including investor interest and fund launches, HFN has noted increased investor interest in emerging markets.
At the same time, HFN has commenced tracking a growing number of funds investing in Latin America.Â Approximately 64% of HFN Latin America Average constituents have inception dates after January 2003.
The oldest investment vehicles in the group have been in business since the early 1990s.Â And while most of the funds are based near their investments in Latin America, a minority invests from afar, including Hong Kong, Switzerland, the United Kingdom and the USA.
"The addition of the HFN Latin America Average comes at a time when investors in the US and abroad are increasingly looking to emerging markets – Brazil and the Latin American region in particular – for alternative investment opportunities," said Donald C. Cacciapaglia, Chairman and Chief Executive Officer of HedgeFund.net.Â
"The creation of the Latin America Average is a response to ongoing and increased fund and investor demand for the ability to monitor performance of Latin America-focused funds against a benchmark."
HedgeFund.net (HFN), a division of Channel Capital Group Inc., is a leading source for hedge fund news and information. Investors who meet HedgeFund.net's accreditation standards are eligible for access to an online and downloadable database of more than 7,200 hedge funds, funds-of-funds and CTA/managed futures products.
HFN serves a growing user base of more than 35,000 accredited investors worldwide. Registered users include a wide range of institutional investors and high net worth individuals. Investors use HedgeFund.net as a source for up-to-the-minute news, useful commentary and essential data on hedge funds.
Fund managers who participate in the HFN Database can opt for various levels of transparency and visibility to a global accredited investor base.
The HFN Averages track the aggregate performance of hedge funds, funds of funds and CTAs as reported by their managers to HedgeFund.net. The HFN Averages represent the equal-weighted average performance for all funds participating in the HFN database that compose a given strategy or grouping.
HFN Average estimates are updated on a daily basis for the first 45 days after the end of the month as fund performance is reported throughout the month, after which the numbers become final.
Historic performance and statistics for each average is available free of charge to accredited investors on the HFN website. Performance data and qualitative information on current HFN Average constituents is available to accredited investors with Premium Access to the HFN website and customers of other HFN data products.