Dow Jones Suspends Market-Neutral Index Again

Nov 9 2009 | 11:40am ET

For a hedge fund index provider, Dow Jones Hedge Fund Indexes is providing precious few hedge fund indices these days.

The firm suspended publication of its equity-market neutral index on Friday, the sixth time it has suspended and index since the beginning of the financial crisis. Dow Jones is now publishing just three of its six hedge fund indices, equity long/short, event-driven and merger arbitrage.

Dow Jones blamed “market conditions in the equity market neutral space” for the decision. It is the second time in just a year that the firm has suspended the equity-market neutral benchmark; after being put on the shelf in December, the index returned in March.

In addition to the equity-market neutral index, the convertible arbitrage and distressed securities benchmarks are also currently suspended.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of