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High-performance managed futures : the new way to diversify your portfolio

High-performance managed futures : the new way to diversify your portfolio

Material type
단행본
Personal Author
Melin, Mark H.
Title Statement
High-performance managed futures : the new way to diversify your portfolio / Mark H. Melin.
Publication, Distribution, etc
Hoboken, N.J. :   John Wiley & Sons,   2010.  
Physical Medium
xv, 304 p. : ill. ; 24 cm.
Series Statement
Wiley finance series ;598
ISBN
9780470637937
요약
"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"--
Bibliography, Etc. Note
Includes bibliographical references (p. 281-295) and index.
Subject Added Entry-Topical Term
Portfolio management. Investments. Risk.
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008 140410s2010 njua b 001 0 eng
010 ▼a 2010012326
020 ▼a 9780470637937
035 ▼a (KERIS)REF000015768132
040 ▼a DLC ▼c DLC ▼d DLC ▼d 211009
050 0 0 ▼a HG4529.5 ▼b .M45 2010
082 0 0 ▼a 332.64/52 ▼2 23
084 ▼a 332.6452 ▼2 DDCK
090 ▼a 332.6452 ▼b M522h
100 1 ▼a Melin, Mark H.
245 1 0 ▼a High-performance managed futures : ▼b the new way to diversify your portfolio / ▼c Mark H. Melin.
260 ▼a Hoboken, N.J. : ▼b John Wiley & Sons, ▼c 2010.
300 ▼a xv, 304 p. : ▼b ill. ; ▼c 24 cm.
490 1 ▼a Wiley finance series ; ▼v 598
504 ▼a Includes bibliographical references (p. 281-295) and index.
520 ▼a "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"-- ▼c Provided by publisher.
650 0 ▼a Portfolio management.
650 0 ▼a Investments.
650 0 ▼a Risk.
830 0 ▼a Wiley finance series ; ▼v 598.
945 ▼a KLPA

Holdings Information

No. Location Call Number Accession No. Availability Due Date Make a Reservation Service
No. 1 Location Science & Engineering Library/Sci-Info(Stacks2)/ Call Number 332.6452 M522h Accession No. 121229443 Availability Available Due Date Make a Reservation Service B M

Contents information

Table of Contents

Disclaimer.

Preface.

Acknowledgments.

Chapter One: Understand It - The Truth About Risk and Misunderstood Investments.

What is this “Managed Futures” I've Never Heard About?

The Stock Market is NOT “Safe” and “Conservative” and Does Not Offer True Diversification

Providing Balance: Dissenting Views of Managed Futures Performance.

It Works In Practice But Does It Work in Theory?

In Managed Futures Diversification, Not Cash, is King.

Chapter Two: Define It: Establish Performance and Risk Targets.

The Simple Managed Futures Definition.

Target Risk / Reward profiles.

Chapter Three: Work With It: Build Basic Portfolios Using Targets.

Portfolio Diversification Vs Individual Manager Selection.

Individual CTA Analysis / Portfolio Considerations.

Chapter Four: Realize It: The Old Way vs. High Performance.

The Fastest Growing Asset Class?

This Unique and Very Special Asset Class.

Managed Futures Defined.

Decoding the D Doc.

Chapter Five: Don't be a Victim: Leverage Managed Futures Regulation and Account Structure to Avoid “Hedge Fund Fraud”.

Managed Futures Regulation and Account Structure / Protection.

Transparency: The Ability to See and Understand an Investment

Auditing Performance and Money Flow.

Tight Regulatory Control: Meet the NFA and CFTC..

Chapter Six: Recognize It: Volatility + Volatility and Lintner's Message.

Volatility Used to Reduce Volatility.

All Volatility Is Risky… To Different Degrees.

Study One: How “Bad” Is Volatility?

Standard Deviation as Measure of Volatility.

Chapter Seven: Use It: Reward Adjusted Deviation (RAD) Considers Past Probability and Rewards Success.

The Test of Success.

Study #1: Exploring RAD with Math.

Study #2: Average Drawdown: Comparing RAD VS STD When Actual Risk Improves.

Study #3: Where CTAs Fall Based on RAD.

Risk “Indicators” Don't Indicate Risk.

Chapter Eight: Principal Protected Conservative and Risky Investments.

Don't Be Fooled.

Four Steps to Creating Principal Protected Products.

Strategies to Maximize Return.

Chapter Nine: Use All of It: Overlooked Points of Correlation.

Is Managed Futures the World’s Most Non-Correlated Asset?

Balance Risk & Return: Managed Futures Cushion During Stock Turbulence.

Correlation Study: Major Indexes.

Managed Futures Non-Correlation Is Not an Accident.

Agricultural Traders Don't Necessarily Correlate to Ag Markets.

Traditional Returns-based Correlation Logic Is Faulty.

Non-Correlation with Stocks Could Be the Investor’s Best Friend.

Chapter Ten: 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.

Step Four: Detailed Due Dilligance.

Why Investors Must Look Past Simple Average Return Headlines.

The “Hidden” Risk in Un-even Returns Distribution.

Which Portfolio Do You Prefer?

Chapter Eleven: 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 Loses; Just Ask a Banker.

Exploring Individual Manager Risk.

Fraud Risk.

Chapter Twelve: 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.

Wrapping It Up.

Conclusion.

Research Methodology.

Notes.

About the Author.

Index.


Information Provided By: : Aladin

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