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Barclay BTOP50 Index Gains 2.00% in November

FAIRFIELD, Iowa, December 7, 2006 – Managed futures funds traded by the largest CTAs jumped 2.00% in November, as measured by the Barclay BTOP50 Index.

“Mid-month rallies in the energy and soy bean markets gave traders some extra profit opportunities, adding momentum to a month that was already in positive territory,” says Sol Waksman, founder and president of The Barclay Group.

This is the second month in a row that large traders have outperformed smaller CTAs. The BTOP50 is now up 4.26% in 2006.

Overall, managed futures gained 1.75% in November according to flash estimates for the Barclay CTA Index. The Index is up 3.09% for the year.

“A month-long decline in US interest rates drove bond prices higher in November,” says Waksman. “However, the drop in interest rates may have also added fuel to the US dollar’s decline, as the USD lost ground against the major currencies. Both of these trends were profitable for many CTAs.”

All eight Barclay CTA indexes reported gains in November. The Diversified Traders Index was up 1.98%, Systematic Traders gained 1.52%, Financial and Metals rose 1.15%, Discretionary Traders gained 0.95%, and the Currency Traders Index was up 1.00%.

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

View eight years o f monthly returns for the Barclay BTOP50 Index.

Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends.

Call 641-472-3456 or email for more commentary or background.

The Barclay Group, founded in 1985, actively tracks more than 5,900 hedge funds and managed futures programs. Barclay has created and regularly updates 18 proprietary hedge fund indexes and eight managed futures indexes.