NEW YORK, Nov. 6, 2009 (GLOBE NEWSWIRE) -- Dow Jones Hedge Fund Indexes, Inc. (DJHFI), today announced that it has temporarily suspended publication of the Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark, effective immediately, 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 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 November 5, 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(i). DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Hedge Fund Indexes Web site at www.djhedgefundindexes.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
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(i) The Dow Jones Hedge Fund Equity Long/Short Benchmark was launched in October 2004.
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