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Dow Jones Hedge Fund Indexes, Inc. on Monday said it will temporarily suspend publication of the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy benchmarks.
No resumption date or time frame for continuing operations of the indexes was given by Dow Jones. But the company did say that its Dow Jones Hedge Fund Balanced Portfolio Indexes (DJHFBPIs) also will be suspended.
In a statement, Dow Jones said: "The decision to halt publication of the benchmarks is the result of the temporary measures taken by the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks and Dow Jones Hedge Fund Balanced Portfolio Indexes to temporarily reduce the risk profiles of some of its managers."
Index values for the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy Benchmarks are available through October 31.
Several other indexes will continue to be published on an end-of-day basis: Dow Jones Hedge Fund Strategy Benchmarks for Convertible Arbitrage, Distressed Securities, Event Driven and Merger Arbitrage.
Launched in November 2003, the Dow Jones Hedge Fund Strategy benchmarks measure individual hedge fund strategies. The six existing strategies are: Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage, Event Driven and Equity Long/Short.
The Dow Jones Hedge Fund 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 Dow Jones Hedge Fund Strategy Benchmarks.
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