Dow Jones suspends publication of equity market neutral benchmark

Date: Tuesday, November 10, 2009
Author: Emily Perryman, Hedgeweek.com

Dow Jones Hedge Fund Indexes has temporarily suspended publication of the Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark until further notice.

The decision to halt publication of the benchmark is a result of market conditions in the equity market neutral space, and was made jointly by Dow Jones Hedge Fund Indexes and Lyra Capital – a subsidiary of CASAM – the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks.

Index values for the Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark are available through 5 November 2009.

The remaining strategies, equity long/short, event driven and merger arbitrage, will continue to be published on an end-of-day basis.

Launched in November 2003, the Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The six existing strategies are equity market neutral (suspended), convertible arbitrage (suspended), distressed securities (suspended), merger arbitrage, event driven and equity long/short.