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Following the Trend: Diversified Managed Futures Trading Andreas F. Clenow
Publisher: Wiley

Inconsistent those who argue trend following has no value but advocate long only equity because of a historical up trend last century Meanwhile good managed futures CTAs and short biased funds continue to deliver ESSENTIAL negative correlation to their clients despite experts worrying about their TEMPORARY losses. Premise: Managed futures offer enhanced returns across all market conditions and reduced volatility to portfolios. One of the key tenets of modern portfolio theory is that Managed futures strategies are an alternative investment strategy that can be used best in a trending market and it doesn't matter which direction that trend is in. Aug 19, 2009 - Redemptions by those who didn't understand true diversification benefited investors that REDUCED risk by having more alpha in their portfolios. May 23, 2014 - Paying equal attention to the four major asset classes has been a winning strategy for the AQR Managed Futures Fund. Apr 18, 2011 - Lightly-traded financial markets are not necessarily great matches for the highly liquid ETF vehicle. Jan 22, 2013 - Following the Trend: Diversified Managed Futures Trading. May 14, 2013 - Commodity investing via managed futures adds diversification and risk reduction properties to a portfolio. Written simply for investors unfamiliar with trend following (or managed futures more generally), Randall Mauro provides a high-level overview of the benefits of including non-correlating asset classes like managed futures to thoughtful portfolios. While we agree Alternative investments provide diversification benefits, but be prepared to sit on them for a while.