Assets Linked to MSCI Hedge Invest Index Pass USD $1 Billion Milestone.Business Editors GENEVA--(BUSINESS WIRE)--March 8, 2004 MSCI Announces Daily Indicative Index Publication MSCI, a leading provider of equity, fixed income and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" indices, today announced that assets linked to the MSCI Hedge Invest Index, its investable hedge fund index, currently exceed USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.2 billion - confirming the rapid adoption of this index since its recent launch in July 2003. MSCI also announced that from today it will publish an indicative daily MSCI Hedge Invest Index level. The index is currently published on a weekly basis in line with the weekly liquidity of the index constituent funds. The MSCI Hedge Invest Index was launched in response to demand for an investable index consisting of a diverse sample of hedge funds that have weekly liquidity and representing a broad range of hedge fund strategies. The index currently contains 82 funds - more than any other investable hedge fund index. Commenting on passing this milestone, Henry Fernandez, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MSCI, said "This achievement demonstrates the global investment community's rapid acceptance of the MSCI Hedge Invest Index and confirms MSCI as a leading provider of hedge fund indices." The new indicative daily MSCI Hedge Invest Index level will be calculated based on estimated constituent fund net asset values provided to MSCI by Lyxor Asset Management, a subsidiary of the Societe Generale Group. The index will continue to be published on a weekly basis using official published net asset values of the constituent funds. The MSCI Hedge Invest Index can be licensed by a wide range of financial institutions including broker dealers, asset managers, banks and insurance companies to serve as the basis of a wide range of financial products. The index is constructed and maintained by MSCI according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the MSCI Investable Hedge Fund Index Methodology(SM), using eligible funds from the Lyxor managed account platform. The index level is currently published on www.msci.com/hfi and via Bloomberg ticker MSHI MSHI Master of Science in Health Informatics (degree) (Index). NOTES FOR EDITORS The MSCI Hedge Invest Index is separate from the MSCI Hedge Fund Indices(SM) and fund database. The MSCI Hedge Invest Index contains a set of hedge funds with weekly liquidity while the MSCI Hedge Fund Indices and fund database contain both open and closed funds. The MSCI Hedge Fund Indices and fund database were launched in July 2002 to provide extensive information on hedge funds and to assist investors in conducting peer group analysis and research. As with the MSCI Hedge Fund Indices and fund database, funds in the MSCI Hedge Invest Index are classified into investment strategies according to the comprehensive and detailed MSCI Hedge Fund Classification Standard(SM). NOTICE AND DISCLAIMER This information is the property of Morgan Stanley Capital International Morgan Stanley Capital International (MSCI) This firm publishes a number of well known benchmarks, such as the MSCI World Index. Inc. (MSCI). It is provided for informational purposes only, and is not an offer to buy or sell, or a promotion or recommendation of, any financial product based on any MSCI index or of any fund on the Lyxor Asset Management platform of funds. Nor is it a recommendation to participate in any particular trading strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same . The inclusion of any hedge fund in the MSCI Hedge Invest Index is not an offer to sell (or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy) by MSCI or such hedge fund of any interests or shares in such hedge fund. The information may not be used to verify or correct data, or any compilation of data or index or in the creation of any indices. Nor may it be used in the creating, writing, offering, trading, marketing or promotion of any financial instruments or products. This information is provided on an "as is" basis. Although MSCI shall obtain information from sources which MSCI considers reliable, neither MSCI, its affiliates nor any other party involved in the making or compiling of the information guarantees the accuracy and/or the completeness of any of this information. Neither MSCI, its affiliates nor any other party involved in the making or compiling of the information makes any representation or warranty, express or implied, as to the results to be obtained by any person or entity from any use of this information, and the user of this information assumes the entire risk of any use made of this information. Neither MSCI, its affiliates nor any other party involved in the making or compiling of the information makes any express or implied warranties A promise, arising by operation of law, that something that is sold will be merchantable and fit for the purpose for which it is sold. Every time goods are bought and sold, a sales contract is created: the buyer agrees to pay, and the seller agrees to accept, a certain price , and MSCI, its affiliates and any other party involved in the making or compiling of the information hereby expressly disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. all warranties of merchantability mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or fitness for a particular purpose with respect to any of this information. Without limiting any of the foregoing, in no event shall MSCI, its affiliates or any other party involved in the making or compiling of the information have any liability for any direct, indirect, special, punitive, consequential con·se·quen·tial adj. 1. Following as an effect, result, or conclusion; consequent. 2. Having important consequences; significant: or any other damages (including lost profits) even if notified of the possibility of such damages. Morgan Stanley Capital International, MSCI and all other service marks referred to herein are the exclusive property of MSCI and its affiliates. All MSCI indices are the exclusive property of MSCI and may not be used in any way without the express written permission of MSCI. MSCI is a leading provider of indices and benchmark related products and services to investors worldwide. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , a global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.Please [ improve this article] or discuss the issue on the talk page. firm and a market leader in securities, asset management and credit services, is the majority shareholder of MSCI, and The Capital Group Companies, Inc., a global investment management group, is the minority shareholder. MSCI makes its editorial decisions regarding its indices independently of all third parties, including its shareholders. |
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