A managed futures account (MFA) or managed futures fund is a type of alternative investment in which trading in the futures markets is managed by another person or entity, rather than the fund's owner. Managed futures accounts include, but are not limited to, commodity pools. These funds are operated by commodity trading advisors (CTAs) or commodity pool operators (CPOs), who are generally regulated in the United States by the Commodity Futures Trading Commission and the National Futures Association. As of December 2011, the assets under management held by managed futures accounts totaled $314 billion.
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Famous quotes containing the words managed, futures and/or account:
“Racism keeps people who are being managed from finding out the truth through contact with each other.”
—Shirley Chisholm (b. 1924)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“I cannot help wondering sometimes what I might have become and might have done if I had lived in a country which had not circumscribed and handicapped me on account of my race, but had allowed me to reach any height I was able to attain.”
—Mary Church Terrell (1863–1954)