Managed futures strategies including trend following have garnered attention again with outstanding returns so far in 2022 after over a decade of lackluster performance. This has generated renewed claims that managed futures provide a highly cost-effective form of risk mitigation that can “move the needle” for pensions and other institutional investors with large, diversified portfolios. Let's take a deeper dive into this asset class.

Click here to read or download

Prior to joining Universa in April 2020, Ronald Lagnado was a senior Investment Director at the California Public Employees' Retirement System (CalPERS), where he responsible for total fund portfolio management, asset allocation, and a sizeable tail risk hedging program. Dr. Lagnado received his Ph.D. from the California Institute of Technology. He has written numerous articles on quantitative finance and served as an Adjunct Professor at the University of Southern California and Stevens Institute of Technology.