Throughout history there has never been a greater need for professional investment management. New investment products are being created almost every day. Stock Index Futures and Options on Futures are just a small part of a constantly changing mosaic. All of these innovative new products enable a professional portfolio manager to engage in numerous financially rewarding strategies to reduce risk, defer taxes, lock-up returns and neutralize market risk. Clearly, the colossal demand for an in-depth knowledge of how to profitably utilize these products is beyond the capacity of an untrained or part-time investor. Even if an investor chooses not to participate in this array of investment products, it would be imprudent to ignore the influence they exert on the underlying stock and bond markets.
