Dow Jones Hedge Fund Indexes has announced that it has resumed publication of the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy Benchmarks, which were suspen
Dow Jones Hedge Fund Indexes has announced that it has resumed publication of the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy Benchmarks, which were suspended on 3 November.
The decision to suspend the benchmarks was taken jointly by Dow Jones Hedge Fund Indexes and the investment manager of the managed account platform that supports the Hedge Fund Strategy Benchmarks, New York-based Lyra Capital, part of Credit Agricole Structured Asset Management.
The suspension followed temporary measures taken by the investment manager to reduce the risk profiles of certain underlying managers of assets within the investment platform, which Lyra Capital has now deemed to be no longer necessary, allowing managers to resume their original investment strategies.
Dow Jones Hedge Fund Indexes will publish the price history of these two benchmarks for the period between the halt and resumption of publication, based on the actual performance of the portfolios, which will reflect their temporarily reduced investment exposure.
The publication of the Dow Jones Hedge Fund Convertible Arbitrage Strategy Benchmark, which was halted on 2 January, and of the Dow Jones Hedge Fund Balanced Portfolio Indexes, which was also suspended on 3 November, remain suspended until further notice. No changes have been made to the Dow Jones Hedge Fund Strategy Benchmarks for Distressed Securities, Event Driven and Merger Arbitrage.
Launched in November 2003, the Dow Jones Hedge Fund Strategy Benchmarks measure six hedge fund strategies, equity market neutral, convertible arbitrage, distressed securities, merger arbitrage, event driven and equity long/short (the latter launched in October 2004).
The Balanced Portfolio Index reflects the performance of a portfolio that is allocated approximately equally among six strategies on an asset management platform that seeks to track the Hedge Fund Strategy Benchmarks.
