The International Securities Exchange and AlphaClone LLC, a provider of hedge fund position replication, have teamed up to promote AlphaClone's innovative hedge fund position replication index, dubbed the AlphaClone Hedge Fund Long/Short Index.

Their partnership will serve as a platform to license and promote the index to third-party exchange-traded funds providers looking to offer their clients to alternative investment products. In fact, the first licensing agreement to bring AlphaClone's methodology to market was made with Exchange Traded Concepts earlier this year to launch a new hedge fund position replication ETF. The AlphaClone Alternative Alpha ETF is expected to launch in the second quarter of 2012.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.