Even though there were numerous plausible explanations for the oil-price rally that culminated
in July of 2008, there remains much uncertainty on how much to ascribe this rally to …

… Till was chief of derivatives strategies at Putnam Investments … Till was an equity derivatives
analyst and commodity futures … Till has written articles on commodities, risk management, …

The recent performance of commodities has spurred interest in the various sources of returns
to commodity investment. The underlying sources of return include the potential return due …

In this article, we note how a set of active commodity strategies could potentially add value to
an investor’s commodity allocation. But we also emphasize the due care that must be taken …

In September 2006, Amaranth Advisors, LLC collapsed under the weight of losses, which
were reported as $6.6-billion. Unfortunately, this meant that the fund had become responsible …

EDHEC is one of the top five business schools in France. Its reputation is built on the high
quality of its faculty (110 professors and researchers from France and abroad) and the …

EDHEC is one of the top five business schools in France. Its reputation is built on the high
quality of its faculty and the privileged relationship with professionals that the school has …

Why have some seemingly promising futures contracts not succeeded in the recent past? In
this paper, we will examine one such example, the weather derivatives market. In two …

Hedge funds do not easily fit into the current way institutions go about investing. Based on a
survey of recent academic and practitioner research, this article reviews six competing …

Since the Goldman Sachs Commodity Index (GSCI) was launched in 1992, the arguments
for why a basket of long commodity futures contracts should have positive returns have been …