03.08.2011 - Michael: Are CTAs a quasi investment into a commodity index?
Until recently, alternative managers have been well diversified. However, as the space has grown, most managed futures products have become much too correlated to broad commodity indexes. If investors only get exposure to a broad commodity index when investing in most managed futures programmes, then they will eventually opt to invest in the indexes themselves to achieve the same benefits with fewer costs..............................................Full Article: Source
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