Welcome to Dow Jones Hedge Fund Indexes :: August 2005

August 2005 - DOW JONES HEDGE FUND ...

NEW YORK (August, 2005)-Dow Jones Hedge Fund Indexes, Inc. (DJHFI), today announced a component change in the Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark. Effective with the opening of trading on July 1, 2005, American Express Asset Management Group, Inc., will no longer be a component of the Benchmark. It will not be replaced immediately, leaving the Equity Market Neutral strategy with six managers as components.

The Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark measures 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 methodologies and components underlying the Dow Jones Hedge Fund Equity Market Neutral Strategy Benchmark are available on the Dow Jones 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 +1-212-597-5720
Frankfurt + 49-69-97142815

Note to editors:

About Dow Jones Indexes

Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.