PT  - JOURNAL ARTICLE
AU  - Greg N. Gregoriou
AU  - Fabrice Rouah
TI  - Performance of the Largest CTAs in Negative S&P 500 Months and Extreme Market Events
AID  - 10.3905/jwm.2004.412354
DP  - 2004 Apr 30
TA  - The Journal of Wealth Management
PG  - 44--47
VI  - 7
IP  - 1
4099  - https://pm-research.com/content/7/1/44.short
4100  - https://pm-research.com/content/7/1/44.full
AB  - Since the early 1990s Commodity Trading Advisors (CTAs) have done well, but in recent extreme market events and negative S&P 500 months, they have significantly outperformed hedge funds and market indices. The authors conclude that the trend by pension fund managers as well as wealthy individuals toward increasing their exposure to CTAs as complementary alternative investment vehicles in traditional stock, bond, and hedge fund portfolios makes sense, suggesting that they have understood the diversification benefits inherent in these strategies.