When 17 of 20 hedge funds on the HSBC Hedge Weekly performance weekly are managed futures CTAs or quantitative investment funds, a market environmental factor is likely in play. But savvy investors must understand that market beta gives it and takes it away, which is where alpha in terms of risk management begins to appear.
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View Full ArticleMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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