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SGI Alternative Beta - Shortable

Index level: 1158.17 as of 11/11/2019

Main characteristics

Bloomberg Code SGIXABS
Inception Date 25/06/2008
Return Type Total Return
Currency USD
Calculated By Standard & Poor's


The SGI Alternative Beta - Shortable Index (the Index) attempts to track the performance of the hedge fund industry as a whole and is designed for strategies that seek to short this market segment. To achieve this objective, the Index uses an algorithmic model which is designed to replicate the performance of a hedge fund industry benchmark (for example, a hedge fund index) through hypothetical investment in a range of underlying assets. The Index is not a managed hedge fund or similar vehicle.


The Index uses an algorithm which compares a proxy for the investable portion of the
hedge fund industry (the Target Index Benchmark) to a list of market and notional
indices (each, a Component) and determines the target exposure of the Index to each Component in an attempt to replicate, on a monthly basis, the Target Index Benchmark. The list of Components and their target exposures are reviewed monthly by an Index Committee consisting of 2 members from Société Générale and 1 member from Standard & Poor's, as Index Calculation Agents (the Index Committee) in accordance with a predefined process. The exposure of the Index to the Components is adjusted in accordance with a dynamic exposure policy designed to keep volatility as close to 6%. The universe of Target Index Benchmarks and Components is subject to change by the Index Committee.

The SGI Alternative Beta - Shortable (USD - TR) (The “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index. The S&P 500® Total Return index and S&P BRIC 40SM index are the exclusive property of S&P Dow Jones Indices, its affiliates and/or their third party licensor(s) and has been licensed for use by SG in connection with the Index.
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