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Greenwich Composite Investable Hedge Fund Index Approved as UCITS Eligible by Luxembourg Regulator

28/02/2008 - 11:10
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    Greenwich Alternative Investments ("GAI") today announced that the
    Greenwich Composite Investable Hedge Fund Index (the "Index") has been
    recognized by the Luxembourg financial regulator (Commission de
    Surveillance du Secteur Financier) as a properly constructed hedge
    fund index and is eligible for use by UCITS.

    "We are proud to be the first to receive hedge fund index approval
    from the CSSF in Luxembourg," commented Margaret Gilbert, Manager
    Director at Greenwich Alternative Investments. "The Index will now be
    calculated twice a month rather than monthly. This paves the way for
    established UCITS brands to create funds linked to the Greenwich
    Investable Hedge Fund Indices in an effort to satisfy the growing
    demand for simple, transparent and diversified sources of hedge fund
    beta with the gold stamp passport of UCITS."

    The Greenwich Global Hedge Fund Indices were first published in
    1995 and are considered industry standard benchmarks of broad hedge
    fund performance. GAI and its affiliates began calculating the
    Greenwich Composite Investable Hedge Fund Index in 2003 in response to
    investor demand for investable exposure to hedge fund beta. The Index
    references actual hedge fund vehicles as opposed to other methods used
    in an attempt to synthetically replicate the returns of hedge fund
    vehicles. Beginning in 2008, the Index is now calculated monthly. Past
    performance and indices construction rules for all Greenwich Hedge
    Fund Indices may be viewed at www.greenwichai.com.

    About Greenwich Alternative Investments

    Greenwich Alternative Investments, LLC (and its affiliates)
    manages one of the world´s largest hedge fund databases and is among
    the oldest providers of hedge fund indices, asset management services
    and research to institutional investors worldwide.

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