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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note