product launch
Refco Group is launching a series of vehicles for European investors in conjunction with PlusFunds Group, tracking the performance of two S&P investable hedge fund indices. Dave Kugler, senior vice president at Refco, said PlusFunds has a licensing agreement with Standard & Poor's to use two indices for products ' the managed futures index with 14 underlying funds and its fund of hedge funds indices with approximately 40 underlying portfolios. The managed futures product was seeded with $70m in December, and had grown to $85m by mid-April. The investable sub-set of funds from these in...
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