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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of