Dow Jones Suspends Convertible Arbitrage Index

Jan 9 2009 | 12:44pm ET

Dow Jones Hedge Fund Indexes said today that it has temporarily suspended publication of the Dow Jones Hedge Fund Convertible Arbitrage Strategy Benchmark, effective Jan. 2 until further notice.

Last month, DJ suspended publication of two other benchmarks, covering equity-market neutral and equity long/short strategies, leaving it with just three active benchmarks.
 
The decision to halt publication of the convertible arbitrage benchmark was made jointly by DJ and the investment manager of the managed-account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks. DJ said the manager has taken steps to reduce the platform's exposure to the convertible arbitrage strategy and to reduce the number of managers on the platform that specialize in this strategy.

RELATED STORIES

Dow Jones: All Hedge Fund Strats. Down YTD


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...