Dow Jones Suspends Hedge Fund Index

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May 4, 2009 4:07pm ETF BASIC NEWS

haltAn index that tracks hedge fund strategies with distressed securities has temporarily suspended publication, Dow Jones announced early Monday. 

The Dow Jones Hedge Fund Distressed Securities Strategy Benchmark will remain closed indefinitely, the index provider added in a statement. 

It said the “decision to halt publication of the benchmark is a result of market conditions in the distressed securities space, and was made jointly by Dow Jones Hedge Fund Indexes and the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy benchmarks.”

Full Story:  http://www.indexuniverse.com/sections/newsinfocus/5799-dow-jones-suspends-distressed-securities-index-.html



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