The nature of the economic disruptions during the Great Recession of 2008-09 and the Pandemic of 2020 were entirely different, and so were the monetary and fiscal policy responses. 2008 was about a financial crisis and involved a rapid deleveraging of the financial system. The pandemic of 2020 was about a forced shutdown of key parts of the service economy. There are important lessons embedded inside the differences in causes of the two recessions and the policy responses.
There is a risk of loss in trading futures. Futures trading is not suitable for all persons. While managed futures can help enhance returns and reduce risk, they can also result in further losses in a portfolio.
Studies conducted of manage futures as a whole may not be indicative of the performance of any individual CTA or CTA index.
A CTA index may not represent the entire universe of CTA’s, and in most cases, individuals cannot invest in these indices. The actual rates of CTA returns may be significantly different and more volatile than those of a CTA index.