Managed futures strategies are a niche-within-a-niche in the capital markets. Despite this status, managed futures have become of particular interest to hedge fund investors. This paper will discuss why this has become the case by focusing on this strategy's unique diversification properties. We...

Until recently, one could only gain expertise in commodity-derivatives relationships if one had worked in niche commodity-processor companies or in banks that specialized in hedging project risk for natural-resource companies. The contribution of this paper is to help fill the knowledge gap in...

The paper discusses the practical issues involved in applying a disciplined risk management methodology to futures trading. Specifically, the paper shows how to apply methodologies derived from both conventional asset management and hedge fund management to futures trading as well as discussing...

Why have some seemingly promising futures contracts not succeeded in the recent past? In this paper, we will examine one such example, the pulp market. In two companion working papers, we will also analyze two other futures market failures: namely, in the uranium market and in weather...

Why have some seemingly promising futures contracts not succeeded in the recent past? In this paper, we will examine one such example, the weather derivatives market. In two companion working papers, we will also analyze two other futures market failures: namely, in the pulp market and in the...

Why have some seemingly promising futures contracts not succeeded in the recent past? In this paper, we will examine one such example, the uranium futures market. In two companion working papers, we will also analyze two other futures market failures: namely, in the pulp market and in the...