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Managed trading : myths & truths

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Request in advance	HG6046 .S393 1996	Off-site

Description

xxiii, 318 pages : illustrations; 26 cm.

Summary

In Managed Trading, the latest volume in the Schwager on Futures series, he takes an in-depth look at the increasingly prominent new asset class: managed futures, professionally managed investments in commodity and financial futures markets. Due to their potentially high returns and their diversification and inflation hedging potential, managed futures have grown rapidly in popularity and acceptance in the past decade. Today there are over $25 million in managed futures accounts.
Schwager's full-scale examination covers all aspects of this investment sector, encompassing performance evaluation, manager selection, investment timing, and portfolio considerations. In the process, he explodes many commonly held investment myths.

Series Statement

Schwager on futures

Uniform Title

Schwager on futures.

Subjects

Bibliography (note)

Contents

1. Why "Actual" Trading Results Are Sometimes a Misnomer -- 2. Performance Reporting: Source of Distortion and Special Cases -- 3. Measuring Trading Performance -- 4. The Apples and Oranges Pitfall -- 5. Why All Conventional CTA Indexes Are Misleading -- 6. Are Prospectus Returns Indicative of Future Performance? -- 7. Is Past Performance Predictive of Future Performance? A Brief Review of Academic Studies -- 8. Is Past Performance Predictive of Future Performance? A CTA-Based Analysis -- 9. We Have Met the Enemy -- 10. Robin Hood Investing: Taking from the Winners and Giving to the Losers -- 11. Is Diversification Beneficial? -- 12. Should Managed Futures Be Included in Investment Portfolios? -- App. 1. Counterpart Table to Table 1.1 with Monthly Profit Incentive Accruals Shown as per Accounting Regulations -- App. 2. Sample EXCEL Worksheet Calculation of Return Retracement Ratio -- App. 3. CTA Lists Used for Performance Ranking Tests for Past Periods --
App. 4. Formula for Calculating Profit Incentive Fees for 2-CTA Fund Sample EXCEL Worksheet: Cumulative Profit Incentive Fee Calculation for 2-CTA Case -- App. 5. Sample EXCEL Worksheet: Cumulative Profit Incentive Fee Calculation for 3-CTA Case.

ISBN

0471020575 (alk. paper)

LCCN

96010256

OCLC

ocm34283083

Owning Institutions

Columbia University Libraries