Hedge Funds

Australian 'fundamental' index introduced

Fundamental indexing has received a fillip with the launch of a FTSE index that weights 200 Australian stocks according to the Research Affiliates methodology, which ignores price to focus on ‘fundamental’ factors such as book value, revenue and cash flow.
Hedge Funds

SSgA pays out $US6m to one of five litigants

One of the five institutional investors suing State Street Global Advisers (SSgA) over sharp losses from a suite of purportedly low-risk fixed interest funds, which were exposed to subprime-backed securities, has reached a settlement with the manager.