OddTrader
Registered: Mar 2003
Posts: 5272 |
07-01-12 02:42 PM
According to www.cmegroup.com
"Issues and Insights for Starting a CTA Business"
Q
Transparency
Transparency is a delicate issue between a manager and investor.
Some investors insist on separately managed accounts not only
to achieve complete transparency, but also to have ultimate
control over the account. Many other investors are satisfied being
in a pooled vehicle. CTAs who are not overly concerned about
outsiders analyzing their trading in order to reverse-engineer
their process, may provide complete transparency. More often,
all customers receive periodic snapshots of positions with an
agreement that investors may check on the portfolio whenever
they desire. Open communication with investors is in many ways
more important than mechanical transparency.
UQ
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