Markov Processes International (MPI) has launched a hedge fund index business line that will aim to provide investors with improved benchmarks for measuring hedge fund performance. MPI recently partnered with BarclayHedge to create the MPI Barclay Elite Systematic Traders Index (Bloomberg: MPBEST20), which seeks to capture the returns of the 20 largest systematic hedge funds reporting into BarclayHedge. The MPBEST20 is paired with the MPI BEST 20 Tracker Index (Bloomberg: MBEST20T). This index pair was launched on March 1. “We are delighted to be working with MPI to launch the MPBEST20 Index,” says Sol Waksman, President at BarclayHedge.