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: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note