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High-Performance Managed Futures The New Way to Diversify Your Portfolio

ISBN-10: 0470637935
ISBN-13: 9780470637937
Edition: 2010
Authors: Mark H. Melin
List price: $36.99
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Description: High-Performance Managed Futures is the first book to show how to design investment portfolios to be independent of the stock market or economy using an unknown investment, managed futures, the most non-correlated asset class in the history of  More...

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Book details

List price: $36.99
Copyright year: 2010
Publisher: John Wiley & Sons, Limited
Publication date: 9/21/2010
Binding: Hardcover
Pages: 320
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.144
Language: English

High-Performance Managed Futures is the first book to show how to design investment portfolios to be independent of the stock market or economy using an unknown investment, managed futures, the most non-correlated asset class in the history of investing. Author Mark Melin illustrates how to develop a diversified portfolio split among non-correlated asset classes.Judging by the major indices, this little known method significantly outperformed traditional stock and bond investments over the past thirty years. While managed futures has significantly outperformed the stock market for over thirty years, the investment method was generally ignored by Wall Street financial advisors and hidden from individual investors.For the first time a book will show exactly how to develop stock market neutral investment portfolios. In this book, a Nobel Prize winning investment method is advanced, updated for modern times with stunning clarity and compelling prose to illuminate a new path for managing investments so as not to be entirely dependent on the economy at large.

Preface
Acknowledgments
Disclaimer
Understand It: The Truth about Risk and Misunderstood Investments
What Is This "Managed Futures" I've Never Heard About?
Stock Market "Safety" and Other Myths
Invest with Stock Market Neutral Programs
The Stock Market Is Not "Safe" or "Conservative" and Does Not Offer True Diversification
It Works in Practice but Does It Work in Theory?
Wall Street's Motivation for Keeping Managed Futures a Secret
Define It: Establish Performance and Risk Targets
The Simple Managed Futures Definition
Target Risk/Reward Profiles
Work With It: Build Basic Portiolios Using Targets
Portfolio Diversification versus Individual Manager Selection
Individual CTA Analysis and Portfolio Considerations
Realize It: The Old Way versus High Performance
The Fastest-Growing Asset Class?
This Unique and Very Special Asset Class
Managed Futures Defined
Decoding the D Doc
Don't Be a Victim: Leverage Managed Futures Regulation and Account Structure to Avoid Hedge Fund Fraud
Managed Futures Regulation, Account Structure, and Protection
Transparency: The Ability to See and Understand an Investment
Auditing Performance and Money Flow
Tight Regulatory Control: Meet the NFA and CFTC
Recognize It: Volatility + Volatility and Lintner's Message
Volatility Used to Reduce Volatility
All Volatility Is Risky ... To Different Degrees
Standard Deviation as Measure of Volatility
Use It: Reward-Adjusted Deviation (RAD) Considers Past Probability and Rewards Success
Study 1: Exploring RAD with Math
The Test of Success
Study 2: Average Drawdown: RAD versus STD When Actual Risk Improves
Study 3: Where CTAs Fall Based on RAD
Risk "Indicators" Don't Indicate Risk
Protect it: Principal-Protected, Conservative, and Risky Investments
Don't Be Fooled
Four Steps to Creating Principal-Protected Products
Strategies to Maximize Return
Use All of It: Overlooked Points of Correlation
Is Managed Futures the World's Most Noncorrelated Asset?
Balance Risk and Return: Managed Futures Cushion during Stock Turbulence
Correlation Study: Major Indexes
Managed Futures Noncorrelation Is Not an Accident
Traditional Returns-Based Correlation Logic Is Faulty
Noncorrelation with Stocks Could Be the Investor's Best Friend
Build It: CTA Evaluation and Portfolio Construction
Translating Investor Goals into Portfolio Design Strategy
What Is the Best Method to Identify Successful CTAs?
Portfolio Building with Volatility Skewing
High-Performance Managed Futures Portfolio Building Exercise
Why Investors Must Look Past Simple Average Return Headlines
The Hidden Risk in Uneven Returns Distribution
Don't Judge by Looks Alone
Understand It: The Naked Truth Behind Managed Futures Risk
The Simple Way to Look at Risk Management: Choke Points
Leverage Can Magnify Wins as Well as Losses; Just Ask a Banker
Exploring Individual Manager Risk
Fraud Risk
Don't Sit Back: Active Management of Risky Investments
Are the Biggest Risks Those That Are Unknown?
A Graphical Look at the Managed Futures Account
Individual Manager Risk
The Future of Managed Futures can be Found in its History
Conclusion
HPFM Strategy Benchmark Performance Study
Twelve Questions Investors Should Ask...of Themselves
Selecting a Commodity Trading Advisor
Identifying True Risk and Utilizing the Best Managed Futures Performance Measure
Regulated versus Unregulated Entities
Markowitz and Lintner: A "Modern" Investment Method Half a Century Old
Notes
About the Author
Index

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