The term Managed Futures is used by hedge fund managers to describe a strategy where the fund manager holds a range of <a title="Future" href="https://quoteddata.com/glossary/future/">future</a>s contracts rather than direct investments. The contracts can be exposed to a diverse range of assets including currencies, interest rates, commodities, indices and equities. The positions may be <a title="Long" href="https://quoteddata.com/glossary/long/">long</a> or <a title="Short" href="https://quoteddata.com/glossary/short-2/">short</a>. The portfolios are usually designed to have a low <a title="Correlation" href="https://quoteddata.com/glossary/correlation/">correlation</a> with equity and bond markets.