Managed Futures for Institutional Investors: Analysis and Portfolio Construction [Hardcover]

Managed Futures for Institutional Investors is an essential guide that walks you through the important questions that need to be addressed before investing in this asset class and contains helpful direction for investors during the investing process.

Backed by years of institutional experience, the authors reveal the opportunities offered by managed futures. They also include information on practices in the managed futures area and present the various analytical tools and building blocks required to use managed futures effectively. The book also contains insight on the issues that must be addressed when building and evaluating portfolios.

• Shows where to find data to evaluate managed futures and explains how managed futures are regulated
• Offers guidance on how to apply classic portfolio construction tools to managed futures
• Reveals how managed futures investments can help investors evaluate and meet risk, return, and liquidity objectives

Managed Futures for Institutional Investors provides all the practical information to manage this type of investment well.

Acknowledgments xiii

Introduction: Why Invest in CTAs? 1

What Kind of Hedge Fund Is a CTA? 1

Why Do CTAs Make Money? 2

How Much Should You Invest? 7

What About the Risks? 9

Theyre a Good Fit for Institutional Investors 10

How the Book Is Structured 11

Part I: A Practical Guide to the Industry

Chapter 1 Understanding Returns 17

Risk and Cash Management 18

Trading, Funding, and Notional Levels 19&l³,