Opalesque Futures Briefing » Commentary http://www.opalesque.com/Futures_Briefing Futures Briefing Sun, 20 Nov 2016 23:09:55 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 No Volatility, No Bueno for Managed Futures / Macro http://www.opalesque.com/Futures_Briefing/?p=13205 http://www.opalesque.com/Futures_Briefing/?p=13205#comments Sun, 30 Oct 2016 23:04:52 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=13205 “Managed Futures Thrived from Brexit,” but since that, it’s been a steady diet of losses as volatility has been sucked out of just about everywhere once again. Nowhere has that been clearer than in currency volatility, where Bloomberg’s posting of JP Morgan’s Global Currency Volatility for the year reminded us of more than a few hedge fund equity curves for…

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What role should hedge funds play now? http://www.opalesque.com/Futures_Briefing/?p=13120 http://www.opalesque.com/Futures_Briefing/?p=13120#comments Sun, 09 Oct 2016 23:01:50 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=13120 Currently, some of the favoured strategies include insurance-linked, quantitative funds, and traditional managed futures (sometimes called Commodity Trading Advisors, or CTAs). Donald Rice, head of Alternative Investments Asia Pacific at Credit Suisse Private Banking, “While we could see merit in a CTA trend-following approach, we’re also not so quick to write-off non-performing quality managers.”
“For CTA and managed futures, having suitable…

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Three Top Questions About Managed Futures, Answered http://www.opalesque.com/Futures_Briefing/?p=13106 http://www.opalesque.com/Futures_Briefing/?p=13106#comments Mon, 03 Oct 2016 00:52:36 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=13106 Since 2008, investors are more familiar with managed futures, but they still have questions about what they can do. Over the two decades I’ve spent in managed futures, I have been asked the same three questions repeatedly: “What’s the track record for managed futures?” “How will this asset class perform over the next few years?” and “How much should I…

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The Portfolio Benefits of Going Back to the Managed Futures http://www.opalesque.com/Futures_Briefing/?p=13043 http://www.opalesque.com/Futures_Briefing/?p=13043#comments Mon, 05 Sep 2016 04:42:41 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=13043 Managed futures is a catch-all term for strategies that trade futures contracts. In many respects the label “managed futures” is similar to “equity investor”–the label doesn’t really narrow things down. That being said, futures-based trading strategies have typically been pursued by hedge funds and commodity trading advisors (CTAs) and many of these strategies are based on some sort of trend-following…

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What in the heck are managed futures? http://www.opalesque.com/Futures_Briefing/?p=12997 http://www.opalesque.com/Futures_Briefing/?p=12997#comments Mon, 29 Aug 2016 00:03:33 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12997 Managed futures is a catch-all term for strategies that trade futures contracts. In many respects the label “managed futures” is similar to “equity investor”–the label doesn’t really narrow things down. That being said, futures-based trading strategies have typically been pursued by hedge funds and commodity trading advisors (CTAs) and many of these strategies are based on some sort of trend-following…

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We’ve All Got A Bonds Problem http://www.opalesque.com/Futures_Briefing/?p=12962 http://www.opalesque.com/Futures_Briefing/?p=12962#comments Mon, 15 Aug 2016 01:20:49 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12962 Finally – where is managed futures? They are a classic portfolio diversifier and volatility reducer. An easy change to their asset allocation addresses a bunch of these issues, mainly, swapping out the bond allocation for managed futures. Now, those who hold fixed income sacred may cry foul – but the numbers support managed futures as a “bond replacement.”
Consider the…

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Market neutral is mixed and managed futures performance is a yawn after Brexit but still positive http://www.opalesque.com/Futures_Briefing/?p=12918 http://www.opalesque.com/Futures_Briefing/?p=12918#comments Mon, 01 Aug 2016 01:17:11 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12918 A category with interesting mixed performance is the “Market Neutral” strategy, which is separate from managed futures. Positive performance is emanating from the Market Neutral Discretionary Global, which is up 4.51% year to date. The $1.2 billion Marshall Wace MW Market Neutral Tops A USD is out-pacing category the benchmark up 5.03% on the year.
With 8.03% average annual returns…

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Are Futures in Your Investing Future? http://www.opalesque.com/Futures_Briefing/?p=12908 http://www.opalesque.com/Futures_Briefing/?p=12908#comments Mon, 25 Jul 2016 01:32:24 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12908 Futures are a poorly understood segment of the market. At their most basic, these contracts are purchases against performance. You buy a commodity on the belief that prices will go up or purchase an ownership stake in a contract on the belief that it will get more valuable.
So, for example, I can purchase ten tons of coffee bean futures…

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Is the Foundation of Managed Futures Shifting? http://www.opalesque.com/Futures_Briefing/?p=12849 http://www.opalesque.com/Futures_Briefing/?p=12849#comments Mon, 11 Jul 2016 00:50:39 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12849 “Diversified CTAs should be 50% to 60% of your portfolio. Instead of adding 5% to 10% CTAs, you should start with CTAs and see what improves that. Perhaps some long S&P 500 [strategy], Parker says. “The truth of the matter is diversified CTAs have the highest risk-adjusted performance and should be the core.”
“We are probably one of a few…

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With Rates Low, Is Now the Ideal Time to Look at Futures? http://www.opalesque.com/Futures_Briefing/?p=12813 http://www.opalesque.com/Futures_Briefing/?p=12813#comments Mon, 27 Jun 2016 00:56:06 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12813 Robert Sinnott, co-portfolio manager of the Natixis ASG Managed Futures Strategy Fund with AlphaSimplex Group, said managed futures could provide a good way for investors to offset equity risk with rates low.
“Bonds have historically been a very good diversifier to equities and may continue to serve this role protecting capital if equity prices decline significantly,” Sinnott said. “However, given…

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