NEW YORK (HedgeWorld.com)-Dow Jones Indexes has announced plans to expand its hedge fund indexes to include a long/short equity specialty index.
The Dow Jones Hedge Fund Indexes in early October will add the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (U.S.) index to its stable.
According to a statement from Ridgely Waters, president of Dow Jones Hedge Fund Indexes, the equity long/short index will focus on short selling and derivatives-based strategies that aren’t available to traditional equity-based investment portfolios.
The new index will be the sixth hedge fund index to be unveiled since Dow Jones began in January publishing daily index values (see ).
The five existing strategy indexes are: Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven.
The advisory committee for the indexes includes: Nancy Everett, chief investment officer at Virginia Retirement Systems, Richmond, Va.; Neil J. Petroff, senior vice president of international equities, fixed-income and alternative investments at Ontario Teachers Pension Plan, Toronto; and Edgar J. Sullivan, vice president of investment research and co-portfolio manager, absolute return strategy at General Motors Asset Management, New York.
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