The Barclay Group released today the Barclay Index Flash Estimates for June 2005. With more than 1200 funds reporting June returns, the Barclay/Global HedgeSource Hedge Fund Index is up 1.79%, and the Barclay CTA Index is up 1.56%. Barclay is the world’s leading provider of hedge fund and managed futures data.
“Against a backdrop of lackluster returns for equities, June’s results-positive returns across a wide spectrum of alternative investment strategies-eloquently argue the case for the benefits of diversification,” says Sol Waksman, president of The Barclay Group. “Even Convertible Arbitrage, which is having its worst year since we started keeping statistics on the sector in 1997, gained 1.69% in June.”
During June, all 18 of the hedge fund strategies tracked by Barclay were profitable, continuing the gains seen in May. The Global Macro Index rose 2.94%, European Equities gained 2.61%, and Healthcare
and Biotechnology was up 2.46%.
Five out of six Barclay managed futures indexes showed gains. The Financials & Metals Traders Index gained 2.16%, followed by Systematic Traders and Discretionary Traders, both up 1.50%. The Agricultural Traders Index lost 0.63%.
The Barclay BTOP50 Index, which measures the performance of the largest CTAs, rose 2.00% in June.