NEW YORK, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider and a CME Group company, today announced the launch of the Dow Jones U.S. Venture Capital Index, designed to measure changes in the market value of venture capital-financed companies in the United States. The new index has been licensed to Chicago Alternative Investment Partners, LLC to serve as a basis for financial products.
"This index tracks an asset class that has not been readily available before to the general public," said Michael A. Petronella, president, Dow Jones Indexes. "By publishing this index, we intend to shed light on this dynamic market and offer investors access to information in this important segment of U.S. economic growth," noted Petronella.
The methodology for the Dow Jones U.S. Venture Capital Index was developed by Dow Jones Indexes together with Sand Hill Econometrics. The values are based on a combination of values reported to Dow Jones VentureSource and value estimates based on Sand Hill's previously developed econometric methods for estimating company values when a recent market value is not readily available. Dow Jones VentureSource database is owned by Dow Jones & Company, Inc.
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