This is an in-depth investigation into the risky business of managed futures - written by one of today's most widely respected financial authorities. Due to their meteoric investment returns and role as diversification and inflation hedging instruments, managed futures - professionally managed investments in commodity and financial futures markets - have grown enormously popular. Yet with apparent success comes disaster, including a two-year string of financial calamities capped by the bankruptcy of California's Orange County. Now Jack Schwager, the man most traders think is futures, investigates the financial practices of a $25 billion business many experts feel is dangerously out of control. Sure to stir controversy in corporate boardrooms and on busy trading floors, this timely, detailed book takes readers to the frenzied center of the managed futures market, exploding many commonly held myths about its theoretical underpinnings and performance. This title discusses hot topics such as investor behavior, the benefits of diversification, and the effect of adding managed futures to conventional portfolios.
Newest edition in the widely admired "Schwager on Futures Series" (including Fundamental Analysis and Technical Analysis) Jack D. Schwager (New York, New York) is Director of Futures Research and Trading at Prudential Securities and one of the co-principals of Wizard Trading. Schwager is a highly regarded commodity trading advisor whose writing has appeared in many publications including the "Handbook of Futures Markets, Trading Tactics, and Commodity Research Bureau Yearbook".
- ISBN10 0471020575
- ISBN13 9780471020578
- Publish Date 6 September 1996
- Publish Status Out of Print
- Out of Print 23 March 2021
- Publish Country US
- Imprint John Wiley & Sons Inc
- Format Hardcover
- Pages 352
- Language English