During the last two decades, as managed futures have attempted to move from a niche investment product to a mainstream one, the space has changed — and not necessarily for the better. Aided by a distribution and sales network that rewarded low volatility and convergent strategies, managed futures has been pushed to justify its inherent volatility that is more due to its divergent nature than underlying risk.
Reading the bond market and the machinations of the Federal Reserve is difficult work. So much analysis comes from folks trying to affect policy. Here our experts give their take on where rates are likely to go in 2015.