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Dow Jones To Begin Publishing Hedge Fund Index

by Carla Johnson, Investors Offshore.com

03 June 2004

Dow Jones has announced that it will begin the publication of a hedge fund index to be launched in November this year.

Dow Jones has explained that it will be responsible for the “ongoing design, construction, and maintenance of the Dow Jones Hedge Fund Strategy Benchmarks.” The indexes were formerly under the ownership of Lyra Capital LLC.

Garry Crowder, CEO of Lyra Capital, commented in a statement: Over the past three years, we have been a leader in the research and development of meaningful hedge fund structures for institutional clients. The assumption by Dow Jones Hedge Fund Indexes as the owner and provider of the Dow Jones Hedge Fund Strategy Benchmarks ensures that these indexes will continue to be at the forefront of the hedge fund indexes marketplace.”

The index will encompass five hedge fund strategies including Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven.

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