韩韩_品职助教 · 2019年06月01日
同学你好，managed futures和我们说的股票index投资并不一样，他是一种零和的衍生品投资。可以看原版书的原文：
Derivatives markets are zero-sum games. As a result, the long-term return to a passively managed, unlevered futures position should be the risk-free return on invested capital less management fees and transaction costs.
