Refco Group, which announced the creation of its new asset management unit, Refco Alternative Investments (RAI) earlier this year, is partnering with PlusFunds to develop various alternative investment vehicles tracking the S&P Managed Futures Index.
David Kugler, senior vp and head of RAI, said the new investable vehicles would "provide access to what we consider to be an important asset class" in a "highly competitive and challenging worldwide environment".
The S&P Managed Futures Index is equally weighted across...