Many explanations have been given why the Newedge CTA Index has returned a disappointing 0.82% per annum over the past five years, but none have taken into consideration the impact of Libor rates on returns. When we do, the results are striking.
Much of Bob Rice's "The Alternative Answer" will convey familiar information to those who have followed the quest for alpha over the years. That’s because the book isn’t written for the cognoscenti. This is a book-length sales pitch.
Managed futures had another turbulent year in 2012, but as always, some diamonds emerged from the rough. In this annual feature, we look at what worked and didn’t work in 2012, and profile four commodity trading advisors that stood out from the crowd.