Managed Futures and Managing Expectations
Don't invest in managed futures because you think you're guaranteed to make money if there's a sell-off; invest because the strategy has proven to be a valuable diversifier.
The Mainstreaming of Private Equity, Phase II
Despite its growing appeal, private equity has always been limited by illiquidity.
A Real Estate Play That Seeks ‘Sticky’ Tenants
Unnerved by Target's disappointing earnings, we checked in with Burland East, who has spent more than 30 years investing in commercial real estate.
Hedge Funds Have Grown Up, for Good and for Bad
As 2017 opens, the hedge fund industry is radically changed, in good and bad ways.
Is Active Investing Really a ‘Loser’s Game?’
Charles Ellis’ new book argues that being an active manager is a “loser's game,” meaning that investing is a zero-sum game.
Three Top Questions About Managed Futures, Answered
Historically, managed futures strategies have had mostly positive annual returns, but three consecutive years of drawdowns have raised concerns.
Managed Futures and Commodities Are Not the Same
Despite the commodity nomenclature, managed futures should generally not be considered an exposure to commodities.
Q3 Was Good for Stocks, and Managed Futures. Now in Q4…
The S&P500 TR Index was up 11.3% for the quarter ended Sept. 30, and is now in positive territory by 4.2% for the year to...
Managed Futures and Asset Allocation: Asset Class or Investment Strategy?
As alternative investments go mainstream, I believe it's time to acknowledge that the broad universe of alternatives is another asset class, alongside stocks, bonds, cash, real estate and commodities.
Alternative View: The Current Perspective on Managed Futures
It is relatively well known among investment professionals that the managed futures industry was one of the few bright lights among the gloom that pervaded investment portfolios throughout the credit crisis in 2008. We estimate that approximately 75% of the industry utilizes quantitative, trend-following strategies and the well-established trends in...