ARTICLE SYNOPSIS ...Do funds distort price movements? by B. Wade Brorsen and Scott H. Irwin The rapid rise of large-scale technical trading by futures funds has led to a concern that such trading could distort futures price movements. Our previous research shows that quite different technical trading systems do, in fact, signal trades on the same day a significant amount of the time. Whether this similarity is actually translated into price-distorting trading depends on the total size of trading and the particular trading techniques of futures fund trading advisors. We surveyed the 32 largest public futures fun...