January 2006 - DOW JONES HEDGE FUND ...
NEW YORK (January, 2006)-Dow Jones Hedge Fund Indexes, Inc. (DJHFI) today announced changes to the Dow Jones Hedge Fund Strategy Benchmarks.
Effective with the opening of trading on December 20, 2005, the following will no longer be components of the Dow Jones Hedge Fund Strategy Benchmarks:
- Numeric Investors, L.P. (Equity Market Neutral)
- State Street Global Advisors (Equity Market Neutral)
- New Generation Advisers, Inc. (Distressed Securities)
- Whiteford Advisors, L.L.C. (Equity Long/Short (U.S.))
Effective with the opening of trading on January 3, 2006, the following will become components of the Dow Jones Hedge Fund Strategy Benchmarks:
- Inflective Asset Management, L.L.C. (Convertible Arbitrage)
- Analytic Investors, Inc. (Equity Market Neutral)
- Cypress Management Advisors, L.L.C. (Distressed Securities)
- Zazove Associates, L.L.C. (Distressed Securities)
- Iron Horse Capital Management, L.P. (Equity Long/Short (U.S.))
The four deletions and five additions increase the total numbers of components in the Dow Jones Hedge Fund Strategy Benchmarks to 34.
The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The six existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage, Event Driven and Equity Long/Short (U.S.). DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodology and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Hedge Fund Indexes Web site at www.djhedgefundindexes.com.
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Note to Editors:
Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee Members- John A. Prestbo, Editor and Executive Director, Dow Jones Indexes and Chairman, Dow Jones Hedge Fund Indexes Advisory Committee
- Ridgely Walters, President of Dow Jones Hedge Fund Indexes, Inc., and Senior Director, Client Development, Dow Jones Indexes
- Jeff Lopez, Deputy CEO, Lyra Capital LLC
- Philip Halpern, Independent Adviser
- Laurence Siegel, Director of Research, The Ford Foundation
- Edgar J. Sullivan, Managing Director, Research, General Motors Asset Management
Please also note that effective April 15th, 2008, Garry Crowder, resigned from the Benchmark Advisory Committee and was replaced by Jeff Lopez, Deputy CEO, Lyra Capital LLC.
Manager additions to and deletions from the Dow Jones Hedge Fund Strategy Benchmarks do not in any way reflect an opinion on the investment merits of the assets managed by any such manager.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:
New York +1-212-597-5720Frankfurt + 49-69-97142815