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Market Reversals Send Managed Futures Lower

FAIRFIELD, Iowa, July 10, 2006 – Managed Futures lost 0.61% in June, based on flash estimates for the Barclay CTA Index. The Index remains up 3.45% for the year.

“Commodity markets reversed trend mid-month, changing from down to up,” says Sol Waksman, founder and president of The Barclay Group.

“Traders who had taken short positions during May’s decline where caught flat-footed during June’s rally.”

Seven of Barclay’s eight CTA indexes dropped in June. The Diversified Traders Index fell 0.95%, Systematic Traders were down 0.70%, and Currency Traders lost 0.69%.

“Stock index traders ran into similar difficulties as stock prices reversed their trend suddenly in mid-June,” says Waksman.

“Stocks bottomed on June 14th, followed by a jump in the S&P on the 15th, catching many CTA’s by surprise. Another strong move on the 29th hurt any traders still holding short positions.”

The Barclay BTOP50 Index, which monitors the performance of the largest CTA’s, dropped 1.00% in June.

Only the Financial/Metal Traders Index ended June in positive territory, rising 0.25% for the month.

Click here to view 27 years of Barclay CTA Index data.

Sol Waksman, an experienced media source, provides perspectives on hedge fund and managed futures trends. For more commentary, call Sol at 641-472-3456 or email

The Barclay Group, founded in 1985, actively tracks more than 5,500 hedge funds and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s indexes as performance benchmarks for the hedge fund and managed futures industries.