NEW YORK, March 3, 2009 (GLOBE NEWSWIRE) -- Dow Jones Hedge Fund Indexes, Inc. (DJHFI) today announced that it has resumed publication as of today of the Dow Jones Hedge Fund Equity Long/Short and Equity Market Neutral Strategy Benchmarks.
Both Benchmarks were halted on November 3, 2008, based on a joint decision made by DJHFI and the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks. The halt was a result of temporary measures taken by the investment manager to reduce the risk profiles of certain managers who manage assets within this investment platform. The investment manager has determined these temporary measures are no longer necessary. Those measures have diminished, allowing managers to resume their respective strategies.
DJHFI 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 the temporarily reduced investment exposure of the portfolios.
The publication of the Dow Jones Hedge Fund Convertible Arbitrage Strategy Benchmark was halted on January 2, 2009, and remains suspended until further notice. The Dow Jones Hedge Fund Balanced Portfolio Indexes (DJHFBPIs) were suspended on November 3, 2008, and 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 individual hedge fund strategies, including Equity Market Neutral, Convertible Arbitrage (currently suspended), Distressed Securities, 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.
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(i) The Dow Jones Hedge Fund Equity Long/Short Benchmark was launched in October 2004.