UMass Amherst’s equal-weighted CISDM hedge fund index gained 0.33% in June, according to a flash update from the school, largely confirming other hedge fund industry metrics that also show a gain for the month.  The CISDM indexes are published by in conjunction with Morningstar by UMass Amherst’s Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM), which conducts research into derivatives, alternative investments and asset and risk management. The database is among the oldest hedge fund and CTA databases in the market, tracking qualitative and quantitative information for more than 5,000 hedge funds, funds of funds and...