If you’ve ever looked at an offering document or prospectus- and we mean really looked at it- you know what we mean when we say it’s often a numbers overkill. Many of these numbers are required by regulators, and further, are often required to be presented in such a manner that can drive the most seasoned financial marketers crazy- only because it’s against every bone in their body to package things in such a clumsy manner. Even data aggregation sites and services aren’t always user friendly, no matter how familiar with them you may be.

But to be fair, it’s not just the Average Joe that can fumble in reading through these numbers- financial professionals can be guilty of such missteps as well, and we are no exception. In our recent newsletter on managed futures mutual funds, one extraneous row of data put the correlation of the AQR Managed Futures Strategy at under -.2, when in reality, it was at .88… the second highest correlation out of all the products we had analyzed.

We stand by our belief that managed accounts are a better way to get access to the managed futures space than a mutual fund, but above all, we believe in investor education, which means arming investors with the facts. If we make a mistake in those efforts, we will gladly eat crow and correct the mistake- what matters is that the information is out there and being discussed. If you ever find a piece of data in any of our pieces that you question, please, by all means, let us know about it. Accuracy comes before ego around these parts.

So, apologies to AQR. The data point has been fixed. And now, the debate continues…