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High-Performance Managed Futures
- 5. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 6. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 7. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 8. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 9. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 10. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 11. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 12. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 13. Source: Courtesy CME Group. Past performance is not necessarily indicative of future results. There is risk of loss when investing in managed futures, it can be a volatile investment, particularly if the investor is not properly diversified.
- 15. “High-Performance Managed Futures gives all investors critical insights into an innovative style of investing that can no longer be misunderstood.” — Michael W. Covel Bestselling author, Trend Following and The Complete TurtleTrader
- 40. “Mark Melin has written an authoritative and insightful book on managed futures. All investors who seek to diversify portfolio risk should have this on their bookshelf.” — Dr. Hossein Kazemi , PhD, CFA Program Director, Chartered Alternative Investment Analyst (CAIA) Association; Editorial Board, The Journal of Alternative Investments; Professor of Finance, University of Massachusetts, Amherst
- 47. “Through this excellent book Mark Melin has reminded us of the virtues of managed futures, how it has prospered during these difficult financial times, and how it has passed the test of time over this last half century. Private and institutional investors will be well served in spending some time in perusing this book and becoming acquainted and reacquainted with this robust investment strategy.” — Dr. Carl Peters Endowed Chair in Economics, Westminster College; Author, Managed Futures
- 50. Production Credits: Director: Matthew Denarlio is a Chicago-based director whose work has been appeared at the Sundance Film Festival, including the full length film titled Name of Film Here. Editing and Sound: Marci Denarlio is a Chicago-based editing specialist who has experience insert brief description here. Production Backdrop Design: Collins Johnston is a student at DePaul University’s School of Finance and an assistant to the author. For additional information visit: WWW. Go2ManagedFutures.com Or call 1-866-416-0240
- 51. RISK DISCLOSURE PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. YOU COULD LOOSE ALL OF YOUR INVESTMENT OR MORE THAN YOU INITIALLY INVEST. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR (“CTA”). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) REQUIRE THAT PROSPECTIVE CUSTOMERS OF A CTA RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. YOU ARE ENCOURAGED TO ACCESS THE DISCLOSURE DOCUMENT. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT, WHICH WILL ALSO BE PROVIDED TO YOU AT NO ADDITIONAL COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THESE TRADING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF ANY OF THESE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU. PFG BEST DOES NOT HAVE AN OWNERSHIP STAKE IN ANY OF THE CTAS WE RECOMMEND OR UPON WHICH WE PROVIDE RESEARCH. MUCH OF THE DATA CONTAINED IN THIS REPORT IS TAKEN FROM SOURCES WHICH COULD DEPEND ON THE CTA TO SELF REPORT THEIR INFORMATION AND OR PERFORMANCE. AS SUCH, WHILE THE INFORMATION IN THIS REPORT AND REGARDING ALL CTA COMMUNICATION IS BELIEVED TO BE RELIABLE AND ACCURATE, PFG BEST CAN MAKE NO GUARANTEE RELATIVE TO SAME. THE AUTHOR IS A REGISTERED ASSOCIATED PERSON AT PFG BEST.
Notas do Editor
- My name is Mark Melin, author of the book High-Performance Managed Futures. This book provides information on how to build investments with the goal to be neutral to the performance of the stock market using managed futures – something Wall Street generally is keeping hidden from investors. [Click Next] Managed futures is similar in some ways to a mutual fund for the global futures and options industry [Click Next] where talented money managers invest client assets in items such as metals, agricultural products, [Click Next] foreign currencies, interest rate and stock index products and much more.
- My name is Mark Melin, author of the book High-Performance Managed Futures. This book provides information on how to build investments with the goal to be neutral to the performance of the stock market using managed futures – something Wall Street generally is keeping hidden from investors. [Click Next] Managed futures is similar in some ways to a mutual fund for the global futures and options industry [Click Next] where talented money managers invest client assets in items such as metals, agricultural products, [Click Next] foreign currencies, interest rate and stock index products and much more.
- My name is Mark Melin, author of the book High-Performance Managed Futures. This book provides information on how to build investments with the goal to be neutral to the performance of the stock market using managed futures – something Wall Street generally is keeping hidden from investors. [Click Next] Managed futures is similar in some ways to a mutual fund for the global futures and options industry [Click Next] where talented money managers invest client assets in items such as metals, agricultural products, [Click Next] foreign currencies, interest rate and stock index products and much more.
- My name is Mark Melin, author of the book High-Performance Managed Futures. This book provides information on how to build investments with the goal to be neutral to the performance of the stock market using managed futures – something Wall Street generally is keeping hidden from investors. [Click Next] Managed futures is similar in some ways to a mutual fund for the global futures and options industry [Click Next] where talented money managers invest client assets in items such as metals, agricultural products, [Click Next] foreign currencies, interest rate and stock index products and much more.
- What has been most interesting about managed futures is its lack of correlation to the performance of the stock market and the economy at large, something explained in chapter nine. This chart shows how managed futures has performed during ten previous stock market declines, performing positively in 9 of these instances. [Past performance is not always indicative of future results]. There is no asset class that has delivered such performance. This graphic, provided by the Chicago Mercantile Exchange, doesn’t even show 2008 when managed futures again provided heroic performance in the face of yet another stock market meltdown. [talking from heart] you know, its amazing. After 2008 when managed futures turned in yet another amazing performance during crisis, I thought equity world would finally take notice. But our performance and asset class was ignored… again. Our performance didn’t matter to Wall Street. [Graphic Source: Chicago Mercantile Exchange] [I move off screen after this slide appears]
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- Studies have shown managed futures has outperformed the stock market for 30 years, and yet this asset class has been generally ignored and misunderstood. [Graphic Source: Chicago Mercantile Exchange] [Graphic builds from left to right and ultimately takes over entire screen, including eliminating me from screen.] [Click Next] Here’s the issue. With unprecedented government [Click Next] debt and always unpredictable [Click Next] world events, we are living [Click Next] in uncertain economic times. [Click Next] Investors have a right to design investment portfolios with the goal to be independent from the performance of the stock market and the economy at large. The fact that managed futures is among the fastest growing asset classes and investors had to generally circumvent Wall Street to directly access the investment, is ridiculous. It is unacceptable for managed futures, the world’s most uncorrelated asset class, to be ignored and misunderstood. [Click Next] With the publication of this book,
- There is no longer an excuse for professionals and individual investors to not understand managed futures.
- This book is divided into two sections. The first section puts managed futures into perspective in a relatively easy to read format. Here is the key point: in all investing there is risk, its really a matter of understanding the risk relative to the reward.
- The book, for better or worse, puts risk and reward in focus and for the first time compares real stock market risk to risk of a truly asset diversified portfolio. This is important information, something that is not being discussed or even properly disclosed, but it should be. It tackles some interesting issues
- and discusses diversification by revealing a truism that Nobel Prize winners have clearly stated: Diversification cannot take place with stock. Anyone who tries to sell “diversification” with stocks is selling something that is impossible to achieve.
- It is time investing society take a true look at real stock market where assets are all correlated to one another.
- This book uncovers some very interesting and useable information regarding true risk in both the stock market, but more specifically managed futures.
- And it begins to highlight what makes a managed futures investment
- Very different from a typical stock
- And hedge fund
- Investment. [Click Next] In fact, some of the investor protections in managed futures should be
- used as a national template for the prevention of hedge fund fraud and “Bernie Madoff-like” ponzi schemes. Investors need to be aware of how they can protect themselves, and this book is a small price to pay for such a benefit.
- The second half of the book discloses
- and unique methods
- To build truly uncorrelated investment portfolios.
- This is the adults table [Click Next] and it is here where we start to break some new and important industry ground. This section is must read for those building managed futures portfolios and financial professionals. Individual investors might want to understand the issues in the second half of the book, particularly in chapter 11 when risk management is discussed, but it is here where we challenge traditional academic thought.
- The most important of which could be centered on correlation. It is important to note that managed futures is NEUTRALLY correlated with the stock market, not negatively correlated.
- Correlation is critical to managed futures, it could be said correlation is the managed futures foundational pillar because that is the significant benefit of the asset class.
- But here is the problem, there are some risks that should be more clearly disclosed. Look at this performance starting just after September 11, 2001 (is that date interesting for a reason??). Then look at what happens when stock market volatility starts to rise and then falls off a cliff in 2008. This is symptomatic of a problem of how a correlation matrix might not tell the whole story in managed futures.
- But here is the problem, there are some risks that should be more clearly disclosed. Look at this performance starting just after September 11, 2001 (is that date interesting for a reason??). Then look at what happens when stock market volatility starts to rise and then falls off a cliff in 2008. This is symptomatic of a problem of how a correlation matrix might not tell the whole story in managed futures.
- But here is the problem, there are some risks that should be more clearly disclosed. Look at this performance starting just after September 11, 2001 (is that date interesting for a reason??). Then look at what happens when stock market volatility starts to rise and then falls off a cliff in 2008. This is symptomatic of a problem of how a correlation matrix might not tell the whole story in managed futures.
- But here is the problem, there are some risks that should be more clearly disclosed. Look at this performance starting just after September 11, 2001 (is that date interesting for a reason??). Then look at what happens when stock market volatility starts to rise and then falls off a cliff in 2008. This is symptomatic of a problem of how a correlation matrix might not tell the whole story in managed futures.
- There are some issues to which people should be aware. [Click Next] But there are also solutions. [Click Next] It’s all [Click Next] A matter of putting together the pieces to a puzzle.
- There are some issues to which people should be aware. [Click Next] But there are also solutions. [Click Next] It’s all [Click Next] A matter of putting together the pieces to a puzzle.
- There are some issues to which people should be aware. [Click Next] But there are also solutions. [Click Next] It’s all [Click Next] A matter of putting together the pieces to a puzzle.
- There are some issues to which people should be aware. [Click Next] But there are also solutions. [Click Next] It’s all [Click Next] A matter of putting together the pieces to a puzzle.
- There are several issues that need to be explored in managed futures, and this book explores them from a variety of angles. If investors are to enter the managed futures waters, they must recognize the true risks and rewards of what can be a very different investment.
- Building stock market neutral portfolios isn’t easy, and after readers purchase the book, they will not be left alone. The book’s web site provides a variety of interactive tools and deep research analysis.
- Readers can view videos that provide context for what you read in each chapter, highlighting what’s important. This is a tremendous value.
- For professionals, there is a Northwestern University course [Click Next] with certification that also allows for continuing education credits through a variety of professional associations. [Click Next] This way those building sophisticated, uncorrelated investment portfolios will be given the proper knowledge to build for an uncertain future.
- For professionals, there is a Northwestern University course [Click Next] with certification that also allows for continuing education credits through a variety of professional associations. [Click Next] This way those building sophisticated, uncorrelated investment portfolios will be given the proper knowledge to build for an uncertain future.
- For professionals, there is a Northwestern University course [Click Next] with certification that also allows for continuing education credits through a variety of professional associations. [Click Next] This way those building sophisticated, uncorrelated investment portfolios will be given the proper knowledge to build for an uncertain future.
- [Book comes on screen]. I hope you will join me and many others in the movement, the growing trend, for uncorrelated investing. It is a trend that could be needed now more than ever, but regardless its always good to be prepared for any inevitability to weather a variety of economic storms: the good, the bad and the ugly. If you are considering a managed futures investment, this book and the associated web site offer a tremendous value. Consider that one mistake in managed futures can be significantly expensive, the relatively nominal charge for the book and the web site is well worth the investment in your knowledge. Thank you for your interest, and I hope you make the choice to exercise your right to gain knowledge of uncorrelated investing and managed futures.
- [Book comes on screen]. I hope you will join me and many others in the movement, the growing trend, for uncorrelated investing. It is a trend that could be needed now more than ever, but regardless its always good to be prepared for any inevitability to weather a variety of economic storms: the good, the bad and the ugly. If you are considering a managed futures investment, this book and the associated web site offer a tremendous value. Consider that one mistake in managed futures can be significantly expensive, the relatively nominal charge for the book and the web site is well worth the investment in your knowledge. Thank you for your interest, and I hope you make the choice to exercise your right to gain knowledge of uncorrelated investing and managed futures.
- Producer credits, make sure to give Collins credit.