Andrew Beer on the Hedge Fund Industry (Podcast)
Masters in Business
00:00
Managed Futures Are a Form of Liquid Alt
The value of managed futures in a larger portfolio is two-fold. They tend to have zero correlation to both over time and the second is that they've tended to do very well in the worst equity markets. But because they are long and short different things at different times the correlations will go up and down over time so it's not something like you're buying I don't know like a private debt instrument, he says.
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