Investment Performance of Public Commodity Pools: 1979-1990: INTRODUCTION

Investment Performance of Public Commodity Pools: 1979-1990: INTRODUCTION

Several academic studies investigate the investment performance of public commodity pools. The studies do not provide a consensus regarding their investment performance. One set of studies [Lintner (1983); Brorsen and Irwin (1985); Irwin and Brorsen (1985); Murphy (1986); Irwin and Landa (1987)] con...

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Veröffentlicht in:The journal of futures markets 1993-10, Vol.13 (7), p.799
Hauptverfasser: Irwin, Scott H, Krukemyer, Terry R, Zulauf, Carl R
Format: Artikel
Sprache:eng
Schlagworte:
Alliances
College professors
Commodities
Costs
Efficiency
Futures market
Government bonds
Investment policy
Limited partnerships
Portfolio management
Portfolio performance
Stock exchanges
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Zusammenfassung:Several academic studies investigate the investment performance of public commodity pools. The studies do not provide a consensus regarding their investment performance. One set of studies [Lintner (1983); Brorsen and Irwin (1985); Irwin and Brorsen (1985); Murphy (1986); Irwin and Landa (1987)] conclude that public commodity pools produce favorable or appropriate investment returns. In contrast, another set of studies [Elton, Gruber, and Rentzler (1987, 1990); Schneeweis, Savayana, and McCarthy (1991)] conclude that public commodity pools are inferior investment vehicles compared to other financial instruments.
ISSN:0270-7314
1096-9934