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 Ora

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