Scientific Beta

FundFire: "Some companies are trying to eliminate the costs involved in index creation altogether. Earlier this year EDHEC-Risk Institute launched its ERI Scientific Beta initiative, which allows users to choose, customize and control the risks of the benchmarks they are using."

FundFire 07/06/2013

"(...) Institutions are demanding customized benchmarks for their investments to help them meet their individual obligations, but these increasingly niche and specific strategies come at a high cost to asset managers, experts warn. (...) Some companies are trying to eliminate the costs involved in index creation altogether. Earlier this year EDHEC-Risk Institute launched its ERI Scientific Beta initiative, which allows users to choose, customize and control the risks of the benchmarks they are using. It will offer a limited number of indices for free – 30 at present, expanding to 100 in a year’s time – with an option to customize extra indices for an annual fee of $13,500. (...)"