One more thing I try to remind people of everytime I see a case such as this. When u take a look at the track records of these CTA's, hedge funds, managed funds, etc, etc always take a look at how often these guys outperform with a modest amount of AUM, yet when the assets come pouring in the returns almost invariably come to a stand still.
If u take a look at the Barclay's Managed Funds Report for funds with $50 million and above, its an ugly situation. The market seems to be just "illiquid" and erratic enuf to frustrate the larger players who arent nimble enuf or short term enuf to capitalize on the volatility. It seems to be a market where the smaller funds are in a better position to exploit this whipsaw volatility.
Senor Zen
If u take a look at the Barclay's Managed Funds Report for funds with $50 million and above, its an ugly situation. The market seems to be just "illiquid" and erratic enuf to frustrate the larger players who arent nimble enuf or short term enuf to capitalize on the volatility. It seems to be a market where the smaller funds are in a better position to exploit this whipsaw volatility.
Senor Zen