Dow Jones Hedge Fund Indexes has temporarily suspended publication of the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark until further notice.

Dow Jones Hedge Fund Indexes has temporarily suspended publication of the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark until further notice.

This is the fourth out of six Dow Jones Hedge Fund indices to be suspended. The equity long/short and equity market neutral strategies were suspended on 3 November and publication resumed on 3 March.

The decision to halt publication of the benchmark is a result of market conditions in the distressed securities space, and was made jointly by Dow Jones Hedge Fund Indexes and the investment manager of the managed account platform that supports the Dow Jones Hedge Fund Strategy Benchmarks - New York-based
Lyra Capital, part of Credit Agricole Structured Asset Management.

Index values for the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark are available through 30 April 2009.

The Dow Jones Hedge Fund Convertible Arbitrage Strategy Benchmark was halted as of 2 January 2009 and remains suspended until further notice. The remaining strategies - equity long/short, equity market neutral, event driven and merger arbitrage - will continue to be published on an end-of-day basis.

Launched in November 2003, the Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The six existing strategies are equity market neutral, convertible arbitrage (suspended), distressed securities (suspended), merger arbitrage, event driven and equity long/short.