Our weekly newsletter is out, continuing our look at managed futures indices. A couple of weeks ago, we began a long overdue defense of managed futures indices. Financial indices are useful, albeit imperfect, tools for understanding asset class performance, but managed futures indices are criticized far more frequently than traditional indices are, and we’d had enough of the poorly-founded saber rattling.

However, the defense wound up much longer than we’d anticipated, and rather than bombard you one enormous piece, we decided to split the defense into two parts. Christmas last week delayed the send of the second part, and New Year’s yesterday would have delayed it further, but we have too much planned for the coming weeks to delay any further. So, without any further ado, the continued defense of managed futures indices.

Newedge = Newedge CTA Index; DJCS = Dow Jones Credit Suisse Managed Futures Index; Barclay = BarclayHedge CTA Index; S&P TR = S&P 500 Total Return Index

Disclaimer: past performance is not necessarily indicative of future results.