@article {Gregoriou71, author = {Greg N. Gregoriou}, title = {Does CTA Size Erode Performance?}, volume = {8}, number = {4}, pages = {71--74}, year = {2006}, doi = {10.3905/jwm.2006.614439}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The author examines the returns of commodity trading advisers (CTAs) from August 1995 to July 2005 to determine whether the size of a CTA affects its performance. Size is often quoted by academics as a restraint to performance improvement, in particular when a considerable amount of capital is constantly injected into a fund. Do CTAs with such inflows of capital neglect their daily trading behavior? The findings suggest that the size of a CTA may have an impact on its performance. Furthermore, the author believes that investors who want to incorporate CTAs into their portfolios should concentrate on performance measurements such as risk-adjusted return rather than fund size.TOPICS: Commodities, performance measurement, portfolio construction}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/8/4/71}, eprint = {https://jwm.pm-research.com/content/8/4/71.full.pdf}, journal = {The Journal of Wealth Management} }