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• A Rationale For Managed Futures by Charles R. Lightner

  ARTICLE SYNOPSIS ...A Rationale For Managed Futures by Charles R. Lightner Although the futures markets are widely misunderstood even among knowledgeable investors, they serve a critical purpose in our economy; through the managed futures industry, they provide an important investment opportunity for both institutions and individuals, and they need not expose the investor to unreasonable levels of risk. Stocks, bonds, and real estate are the largest and best-known types of investments in our economy. They have distinctly different investment characteristics, and each has a specific effect on an investment port...

AUTHOR: Charles R. LightnerDATE: MAR 1999SUBJECT: Managed Futures

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• Inherent Return In Futures Markets by Charles R. Lightner

  ARTICLE SYNOPSIS ...Inherent Return In Futures Markets There has been a long-running controversy about the source of returns to futures market investors. With that in mind, consider new data in support of the theory that there is an inherent return to the noncommercial investor group, one that represents compensation for their acceptance of risk....

AUTHOR: Charles R. LightnerDATE: JUL 1999SUBJECT: Managed Futures