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Emerging Hedge Fund Managers Outperform Major Hedge Fund Indices in 2006
VanthedgePoint Clients Also Beat Major U.S. Stock Indices in 2006
NEW YORK, NEW YORK, January 30, 2007 – VanthedgePoint Group, Inc., an integrated financial services firm catering to emerging hedge funds, today announced that clients of VanthedgePoint Securities LLC, its wholly owned broker/dealer subsidiary, generated average returns of 16.74% in 2006, outperforming the major hedge fund and U.S. stock market indices.
The strong 2006 returns posted by VanthedgePoint clients outpaced major hedge fund indices by over 300 basis points. According to published reports, in 2006 the Hedge Fund Research Index rose 12.99%, the HedgeFund.net Index advanced 11.76%, The Barclay Group’s Hedge Fund Index was up 12.35%, Hennessee Group’s Index gained 11.36% and Eurekahedge’s Index advanced 13.4%.
"Our clients' performance in 2006 confirms academic research that suggests emerging hedge funds outperform their larger peers," said Geoffrey M. Tudisco, chief executive officer and founder of VanthedgePoint Group, Inc. "By working with VanthedgePoint, our clients can mitigate their operational risk and focus on managing money to try and generate superior investment returns."
VanthedgePoint's emerging hedge fund clients also outperformed the major U.S. stock market indices, something the major hedge fund indices have not accomplished since 2002 according to Marketwatch.com. In 2006, the Dow Jones Industrials Average rose 16.29%, the S&P 500 added 13.62%, and the Nasdaq was up 9.52%. Only the Russell 2000 Index, with its return of 18.4%, outperformed the emerging hedge fund managers using VanthedgePoint's platform.
"Hedge fund investor interest in our client base and integrated brokerage and operations platform continues to be astounding, demonstrating the high level of interest in identifying promising emerging managers," said Mr. Tudisco. "Our ability to introduce investors to our clients allows us to add significant value, especially since 'raising money/marketing' was cited by 70% of respondents to our second annual Emerging Hedge Fund Manager Sentiment Survey as 'the most difficult aspect of running a hedge fund.'"
VanthedgePoint launched in the second quarter of 2006, with the goal of leveling the playing field between smaller emerging hedge funds and their larger multi-billion brethren. VanthedgePoint employs a patent pending business model to create economies of scale that result in improved operational efficiencies and lower costs for its clients. The result is a hedge fund that has lower operational risk and a reduced cost structure, which makes it more attractive to potential investors. Starting with U.S. equity execution, VanthedgePoint soon added U.S. options execution to its integrated platform. Now, VanthedgePoint offers customers a comprehensive solution that includes U.S. and international equities, options and futures execution along with equity finance and operations outsourcing.
About VanthedgePoint
VanthedgePoint Group, Inc., is an integrated financial services holding company focused on delivering products and services to empower emerging hedge funds. VanthedgePoint Group operates three wholly owned subsidiaries: VanthedgePoint Securities LLC, a registered broker/dealer (Member FINRA/SIPC), VanthedgePoint Futures LLC (Member NFA) and VanthedgePoint Technologies LLC. VanthedgePoint Group is a privately held company with principal offices located in New York, NY. Additional information about the firm is available at www.vanthedgepoint.com.
Media contact:
Geoffrey M. Tudisco
Chief Executive Officer
VanthedgePoint Group, Inc.
(212) 514-8639
info@vanthedgepoint.com
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