Developed market (US say) GDP rises prompting a reversal of quantitative easing, interest rate and fiscal policy. Domestic equities could rise or fall depending on sentiment at the time.

Hedge Fund Performance Table 2009: Outlook 2010: Managed Futures: Investors flocked to CTA’s at the beginning of 2009 relative to other strategies for the outperformance of the strategy in 2008. Performance in 2009 was -1.99%. Trend followers tend to create a synthetic long volatility profile (just as mean reverters create a short volatility profile) and

In 2009, the HFRI Equity Market Neutral Index was up 1.69%. The HFRI Index of all strategies was up over 20% and the equity long short index was up over 26%. Equity long short hides a multitude of sins, like a chronic long bias and market timing. Equity market neutral, however, is fairly specific. (We

  Developed market (US say) GDP rises prompting a reversal of quantitative easing, interest rate and fiscal policy. Domestic equities could rise or fall depending on sentiment at the time. Rates rise. The impact on emerging markets many of which operate a dirty float is that monetary conditions tighten substantially causing emerging markets to fall

The SEC and the FSA are some of the most sophisticated and well resourced regulators in the world. They have to be, they deal with the nice people over on Wall Street and the City.