“The equity long-short strategy uses techniques such as short selling and derivatives, which aren't available to traditional equity-based investment portfolios, in pursuit of supplemental sources of return,” said Ridgely Walters, president of DJHFI. “We think the Dow Jones Hedge Fund Strategy Equity Long/Short Benchmark will be a strong addition to our existing five strategies.”
The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The five existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Indexes Web site at www.djindexes.com.
DJHFI has established an index advisory committee to ensure that the Dow Jones Hedge Fund Strategy Benchmarks remain methodologically sound and objectively maintained. The advisory committee has eight members, including representation from DJHFI, Dow Jones Indexes and seven representatives comprised of professionals affiliated with major institutions and pension plans responsible for pursuing investments in alternative assets.
