Dow Jones Suspends Hedge Fund Benchmarks, Index

Nov 4 2008 | 1:30am ET

The economic turmoil has already claimed more than a few hedge funds. Now, it can add a pair of benchmarks and an index to the casualty list.

Dow Jones & Co. said that it has suspended the publication of two of its hedge fund benchmarks and it’s Hedge Fund Balanced Portfolio Index. The firm made the move after Lyra Capital, which provides the benchmarks’ methodology, asked some underlying hedge funds to deleverage. The result, according to Dow Jones, was that the delivered hedge funds no longer represented the strategies broadly.

“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 Index,” Dow Jones said in a statement. It added that the suspensions will last “until further notice.”

The two benchmarks affected are those covering equity long/short and equity market-neutral strategies, two of the six benchmarks that make up the suspended Balanced Portfolio Index.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.