This book presents a cohesive look at an emerging asset category that is being taken seriously by both individual and institutional investors–that of professionally managed investments using derivative instruments (futures, forward contracts, and options) in the commodity and financial markets. The attractiveness of these investments lies in their historically high returns, low to negative correlation with traditional investments in stocks and bonds, capability of acting as a hedge against inflation, and liquidity. This book examines the theoretical and methodological basis for performance, as well as historical performance itself. Included are the original works of various researchers in evaluating the performance of managed futures products–public commodity funds, private commodity pools, and individual managed accounts, as well as commodity trading advisors.
Submit your review