Dow Jones Launches Long/Short U.S. Benchmark

NEW YORK (HedgeWorld.com)–Dow Jones Hedge Fund Indexes Inc. on Tuesday [Nov. 2] began publishing its new long/short U.S. equity hedge fund benchmark, the Dow Jones Hedge Fund Equity Long/Short U.S. Strategy Benchmark.

The new benchmark is the sixth hedge fund index to be assembled by Dow Jones. The other five cover distressed securities, event-driven strategies, convertible arbitrage, merger arbitrage and equity market neutral. According to a statement from Dow Jones, the components within each strategy share similar return sources.

Dow Jones had announced in September that it would begin publishing the equity long/short benchmark.