Komfie Manalo, Opalesque Asia:
The global diversification provided by managed futures may prove to be
extremely valuable as the markets enter the next phase of the economic
recovery, said Campbell &
Company, a pioneer in absolute return investment management,
specializing in systematic managed futures and equity market-neutral
Campbell said in its briefing entitled, Managed Futures: The Next Five Years, "The next
five years may look like the last five, in which U.S. equities, real
estate and commodities all performed extremely well, or perhaps they
will look like the prior five years, when all three strategies incurred
significant losses, and managed futures strategies performed well.
Regardless, at Campbell we believe in the ability of our portfolio to
provide our investors with both attractive risk-adjusted returns and
portfolio diversification. We are looking forward to the next few years."
The paper said that comparing the performance of the CTA Index to that
of a put option provides an interesting but limited perspective on
recent strategy returns. The perspective is limited because, in addition
to providing portfolio diversification, managed futures also seek to
provide attractive stand-alone risk-adjusted returns. From that
perspective, the strategy has recently......................
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