Strategic moves

By Nick Dewhirst, CEO, Investorsroutemap.co.uk The first guided commodity programmes were just hitting the market, when I was in the business. Quarter of a century later, they now have a new name. They are classified within the hedge fund industry as Managed Futures. The algorithms have become more sophisticated, but the issues are the same. The product we were then invited to market not only had an impressive back-tested record but also a reasonable case that it could continue to be profitable. While its results looked good in rising commodity markets, would they be equally good in f...