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90% of Hedge Funds Post Gains in October

FAIRFIELD, Iowa, November 7, 2006 – Hedge funds gained 1.84% in October according to flash estimates for the Barclay Hedge Fund Index.

“October was a positive month for the overwhelming majority of hedge funds,” said Sol Waksman, founder and president of The Barclay Group. “Any month we see that 90 percent of the funds reporting to Barclay are profitable, we know everything has gone right.”

Overall, 17 of Barclay’s 18 hedge fund indexes gained value in October. Only the Equity Short Bias Index was in negative territory, dropping 4.31%.

“All 31 of the MSCI U.S. Equity Indexes measured gains at month-end,” says Waksman. “Short sellers were swimming against a very strong current.”

On the positive side, Equity Long Bias jumped 3.12%, Emerging Markets gained 2.64%, the Healthcare and Biotechnology Index was up 2.21%, and Technology gained 2.19%.

“Global equity markets also had a banner month. Other than The Netherlands and Korea, all Developed and Emerging Market equity indexes were profitable in October.”

This was the fourth straight month of gains for hedge funds. The Barclay Hedge Fund Index is now up 8.74% for the year.

Click here to view ten years of Barclay Hedge Fund Index data.

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. Institutional investors, brokerage firms and private banks worldwide utilize Barclay’s indexes as performance benchmarks for the hedge fund and managed futures industries.