|
|
Usually ships within 1 to 3 working days
|
- Product code: 1427
- ISBN: 0471020575,
ISBN13: 9780471020578,
318 pages, hardback
Published by John Wiley & Sons Inc on 1996
Rate this book...
Rating: 0.0/5 (0 votes cast)
|
|
|
|
|
Description of Managed Trading |
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 USD25 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.
* 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.
|
Reviews'Jack Schwager has written the definitive book on managed futures investing. It is exhaustive in coverage, and the analysis is exceptionally rigorous. The writing is refreshingly candid and sure to provoke discussion on many important topics in the managed futures industry. This book should be required reading for anyone considering investing in managed futures.'
- Scott Irwin, Professor The Ohio State University
'Jack continues to be both an educator and a portfolio manager. This is a wonderful book and much needed in the industry. I consider it required reading for investors and financial industry professionals. Finally, a road map which outlines and explores investment issues succinctly.'
- M. Elaine Crocker, President, Moore Capital Management
| Contents of Managed Trading |
Part One: Performance Issues
1. Why 'Actual' Trading Results Are Sometimes a Misnomer
2. Performance Reporting: Sources of Distortion and Special Cases
3. Measuring Trading Performance
4. The Apples and Oranges Pitfall
5. Why All Conventional CTA Indexes Are Misleading
Part Two: Is Past Performance Predictive Of Future Performance?
6. Are Prospectus Returns Indicative of Future Performance
7. Is Past Performance Predictive Of Future Performance, A Brief Review Of Academic Studies
8. A CTA-Based Analysis
Part Three: Investment And Portfolio Issues
9. We Have Met The Enemy
10. Robin Hood Investing: Taking from the Winners and Giving to the Losers
11. Is Diversification Beneficial?
12. Should Managed Futures Be Included in Investment Portfolios?
|
About Jack D. Schwager |
JACK D. SCHWAGER is Director of Futures Research and Trading at Prudential Securities. He formerly held similar positions at Paine Webber and Smith Barney, with a total of twenty--two years' experience heading up futures research departments. He is also a Commodity Trading Advisor and one of the coprincipals of Wizard Trading. Mr. Schwager is the author of the highly regarded A Complete Guide to the Futures Markets, and the Schwager on Futures series that includes the titles Fundamental Analysis and Technical Analysis, all published by Wiley. His writing has appeared in many publications, including the Handbook of Futures Markets, The New York Times, and Forbes. Much in demand as a speaker, he has lectured on a range of analytical topics, with a particular focus on great traders, technical analysis, and trading system evaluation.
|
 Buyers of Managed Trading also bought
Other books by Jack Schwager
Bulk buying
| If you need bulk copies of Managed Trading, or are interested in opening a corporate account, please contact us. |
|
|
Shopping basket