%0 Journal Article %A Greg N. Gregoriou %T Does CTA Size Erode Performance? %D 2006 %R 10.3905/jwm.2006.614439 %J The Journal of Wealth Management %P 71-74 %V 8 %N 4 %X The author examines the returns of commodity trading advisers (CTAs) from August 1995 to July 2005 to determine whether the size of a CTA affects its performance. Size is often quoted by academics as a restraint to performance improvement, in particular when a considerable amount of capital is constantly injected into a fund. Do CTAs with such inflows of capital neglect their daily trading behavior? The findings suggest that the size of a CTA may have an impact on its performance. Furthermore, the author believes that investors who want to incorporate CTAs into their portfolios should concentrate on performance measurements such as risk-adjusted return rather than fund size.TOPICS: Commodities, performance measurement, portfolio construction %U https://jwm.pm-research.com/content/iijwealthmgmt/8/4/71.full.pdf