Part II: CISDM News:

CISDM Hedge Fund and CTA Indices

CISDM hedge fund and CTA indices have been restructured. We have added 4 new indices: CISDM Fund Weighted Hedge Fund Index, CISDM Convertible Arbitrage Index, CISDM Fixed Income Index, and CISDM Event Driven Multi Strategy Index. A Physicals Index has been added to the existing CTA indices. Both asset-weighted and equal-weighted versions of the index are available. To download historical data, please visit our website at www.cisdm.org.

CISDM Digest

The October issue of the CISDM Digest is now available. Please email info@cisdm.org if you have not received a copy.

The Journal of Alternative Investments

The Journal of Alternative Investments has been named the official publication of the CAIA Association. The Winter 2005 issue will be available later this month. Articles featured in the Winter 2005 issue include among others:

Timber as an Institutional Investment
Healey, Thomas; Corriero, Timothy; Rozenov, Rossen

Currency Management Styles Through the Ages
Binny, James

Factor Modelling and Benchmarking of Hedge Funds: Can Passive Investments in Hedge Fund Strategies Deliver?
Jaeger, Lars; Wagner, Christian

CAIA Update

The CAIA Annual Meeting was held in NewYork on November 10^th, 2005. Highlights included a panel discussion on the current state of the hedge fund industry. The discussion was moderated by Tom Schneeweis. The participants were David McCarthy, Edgar Sullivan, and Charles Fishkin.

Membership Updates

We ask our members who have not already done so, to renew their membership for the 2005- 2006 period. Please contact info@cisdm.org if you have any questions.