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 ).
