S&P Spices up hedge fund index

NEWS

NEW YORK—Ratings agency Standard & Poor’s (S&P) is jumping on the hedge fund bandwagon by launching a new index for the investment class created with the S&P Index Calculation Engine (Spice). The index will go live this fall. S&P has spent a year developing the index, utilizing the Spice technology, which is used for all the firm’s indexes, says Peter Roffman, vice-president of the company’s portfolio services.

Spice is capable of real-time multi-currency calculations and runs on an

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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